Today Ben Barnanke chairman of Federal Reserve said that FED is committed to do more help to improve US economy and they will take further action in future as needed.he added still hard for recovery as gaining jobless claim highest ever and stress in euro crisis.
As during speech from MR. Ben Barnanke before US market Dow Jones open 1% lower and down almost 200 point and recover during comment up to -100 point but after the speech Dow goes down again more then 200 point ,NASDAQ and S&P also down nearly 2% showing investor not have confidence in FED moov this again make fear in market and may go down further in future.
Today all stock market in world wide including Asia,Europe and Indian stock market down around 2% each and heavy selling seen at lower levels pull price more panic ,showing more volatility and downtrend may be possible in near future .still looking 7-10 % correction more due in markets .
I trying to comment on Indian economy ahead soon,today moody downgrade Indian top public sector bank state bank of India making worry in Indian banking sector and impact of this taken all affected sector also in flame of selling pressure in stock prices that bring sensex down by 285 point at 15864,Nifty down almost 100 point and Nifty future close at 4779 ,tonight sgx nifty trading around 4720 down more 50 point .
selling seen in banking ,reality,auto and metal stocks.
As during speech from MR. Ben Barnanke before US market Dow Jones open 1% lower and down almost 200 point and recover during comment up to -100 point but after the speech Dow goes down again more then 200 point ,NASDAQ and S&P also down nearly 2% showing investor not have confidence in FED moov this again make fear in market and may go down further in future.
Today all stock market in world wide including Asia,Europe and Indian stock market down around 2% each and heavy selling seen at lower levels pull price more panic ,showing more volatility and downtrend may be possible in near future .still looking 7-10 % correction more due in markets .
I trying to comment on Indian economy ahead soon,today moody downgrade Indian top public sector bank state bank of India making worry in Indian banking sector and impact of this taken all affected sector also in flame of selling pressure in stock prices that bring sensex down by 285 point at 15864,Nifty down almost 100 point and Nifty future close at 4779 ,tonight sgx nifty trading around 4720 down more 50 point .
selling seen in banking ,reality,auto and metal stocks.
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