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Sunday, August 28, 2011

global market

It all happened due to worse global market positions and political situations which paved the way to attain an 8000 points market. Day by day the points started to decrease which created an uncertainty among the investors. They started to withdraw their invested amount which again added fuel to the fire. Foreign companies started to withdraw their shares predicting a great debacle in the Indian Economy. Indian government has taken necessary steps to retain the original position and to recover from the great fall of 2008. The Reserve Bank of India has cut certain taxes to stabilize the Indian Economy. This saw a little accretion rate in the Indian Stock market but it was not that much enough to recover from the great disaster. When this was taken by Indian government, now it going to be affected vigorously due to the terrorist attack in Mumbai.

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