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Indian Stock Market


Global worries haunt markets

Saturday, August 11, 2007

The global liquidity crunch continued to cast its shadow on the Indian bourses as bellwether indices fell more than 1.5% during the week ended August 10.

The domestic markets went into a tailspin after the 400-point bounce mid-week as the US subprime mortgage woes re-emerged with BNP Paribas reportedly suspending three funds linked to the high-risk subprime property loans.

The Bombay Stock Exchange index, Sensex, witnessed high volatility, and swung in a range of 970-points (high of 15,542.40 and low of 14,570.89) before ending the week at 14,868.25 - a net fall of 270.15 points (1.78 %) from the last weekend close of 15,138.40.

The broad-based S&P CNX Nifty of the National Stock Exchange (NSE), which touched an intra-trade low of 4,239.20, ended the week at 4,333.35 - a drop of 68.2 points (1.55%) from the previous weekend close of 4,401.55.

Posted by FR at 8:41 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.