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Weak Global Cues Again

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Weak Global Cues Again

Discuss about World markets. Analyse thier role and impact on Indian Markets.

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22nd January 2008, 06:04 AM

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Weak Global Cues Again

We have seen a mayhem at Asian markets yesterday (21st Jan 08) and everyone's hoping that the markets are bottomed out. Righty said by udayan mukherji, "there's no 9/11 today, no p-notes worry" then why the investors are panicked. Is that FII's pulling back or investors running short of money because of thier money being spent into big IPO (Reliance Power)... we are running out of clues...
Lets see if today's US markets change the fate of Asian markets and other emerging markets but thats that will impact tommorrows markets...

As of now its 22nd Jan '08 and I can see Nikkie commences its trading at -200 levels and within half an hour its down 600 points. Nikkie 225 for the first time since October 2005 dives below 13000 mark. Lucky index, Indians markets breaks major levels every 2-3 months whether upper or lower levels

I'm eagerly waiting for the hang seng markets to open, but lets hope it shouldnt be another day for Indian markets like yesterday....

Any comments regarding the impact of world markets on India are welcome here...

(I may not participate in discussion, will be available after the markets)

Happy Trading (Lets pray).......
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Last edited by admin; 22nd January 2008 at 06:21 AM.

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