Markets hit by Finami!!!!!!!!

Markets through out the world were hit by a FINAMI( Financial Tsunami) , Markets thru out the world eroded the wealth drastically owing to a huge decline in the global markets. Financial crisis hitting the European nations has added to the further woes of the investors.

Indian stock markets which i thought were substantially better when compared to the other Asian, Europoean and American counterparts was itself hit by around 1028 Points in the intraday, 11000 was considered to be the support levels but the level was breached yesterday itself, later Sensex recovered to around 10528 levels, rising doubts of a further fall is the fact that the european markets ended up lower by around 5% even yesterday. Outcome of G-7 Visit might end up helping the markets!

Indian stock markets were hit by a couple of badnews namely- IIP Rate was at 1.1 % compared to 10.6% last year, Inflation at 11.8% , Good news being RBI Cutting down the CRR by 150 basis points thus infusing around 60,000 crores into the market, aiming to easen the credit squeeze. by ending the day at 10528 sensex is trading at half the levels of all time high(21607) which was touched in January- 08.