Banks in India seem to be faring much the banks in the Western world. In a recent article, The Banker magazine says that though India has been affected by the global downturn its banking system has survived due to the bold actions taken by the Duvvuri Subbarao, the Governor of the Reserve Bank of India.The …
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India’s stock market index Sensex closed below 10,000 again yesterday. The 2-year chart is ugly as shown below. India Stock Market Index – Sensex Chart2-Years: The following are my past articles about the stock market there: India: Making Sense of the Sensex bubble Recently I wrote: The Incredible India Growth Story – Interrupted ETFs: The …
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Taj Mahal, India The main stock market index in India called the Sensex plunged 606 points to close below the psychologically important level of 10,000 at 9975 yesterday(Oct 17th). After reaching a peak of 21,200 in January the index has fallen by 53% in just nine months. Similar to the other three BRIC countries, India …
Continue reading ‘The Incredible India Growth Story – Interrupted’ »
The Indian Stock Market has been on a downward draft for many months now. Sensex is the barometer of the stock market there. Sensex 1 Year Chart Today the Central Bank changed the monetary policy to contain the out-of-control inflation rate. Basically the bank raised interest rates for bank borrowings by 50 basis points to …
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