Woes continue…
As if the double-digit inflation was not enough to threaten the Indian economy, that sensex slipped by a record 654 points. X-( Wondering what happened to all the juggling jargons like ‘India Rising’. Panic selling in the markets on Tuesday resulted in a 654 points fall in the sensex and thus ending at 12,636. If you are still wondering what is so unnerving about this figure, well let me just put it flatly. Going by the records of the last one and a half years, this was the lowest hit.
No respite…read on!
1. Inflation rate will stay in double digits until this year December.
2. BSE market cap fell by Rs. 1.8 lakh crore.
3. Total FII outflows this year amounts to $7 billion
4. Price of gold touches 4-month high.
5. Crude oil price rose to $146 a barrel.
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