Jan 31, 2011

Egypt Crisis Hits Indian Stock Market Badly


The ongoing unrest in Egypt is raising concerns all over the world. Here in India, the crisis is prompting the retail investors and fund managers to surrender to selling pressure consecutively for the fourth session. As a result, Sensex, the benchmark index of Bombay Stock Exchange, dipped by more than 300 points on Monday's opening trade.


The 30-share index, which had already lost 755 points in the earlier three sessions, plummeted by 1.68%, or 301.70 points, to reach 18,094.27 points during the initial few minutes of Monday's trade. Nevertheless, the Sensex then picked up some pace and is presently at more than 18,200 points.


Likewise, National Stock Exchange's benchmark index, Nifty, plunged by 1.44%, or 79.55 points, to reach 5,432.60 on the opening trade. The wide-based index has currently gained some momentum.


According to market experts and brokers, the dampened trading sentiment in Indian Stock markets is being mainly driven by not only the ongoing protest in Egypt but also by the blue-chip companies' dissapointing results. Other reasons behind dismal performance of Indian stock markets can be the continued positions offloading by retail and other investors, and weakening trend in other Asian markets, induced by the US market losses which is again due to the Egypt unrest.

Among various Asian markets, Hang Seng index of Hong Kong declined by 1.20% and Nikkei index of Japan dipped by 1.63%.

10 comments:

share tips said...

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SHARETIPSINFO said...

Hey,
Indian stock market is losing its shine now a days but its still not over for our NSE and BSE. Current market correction will urge many new investors to join the Indian stock market
Its wrong to consider correction as bad for the stock market. Stock market correction is rather healthy for genuine investors.

indian stock market said...

A very good and informative article indeed. It helps me a lot to enhance my knowledge, I really like the way the writer presented his views.

sharetipsinfo said...

Trading in Indian stock market is becoming quite tedious job for many stock market traders as Indian stock market is known for its volatile nature however its NSE, BSE , MCX and NCDEX which offers many earning opportunities for various stock traders doing day trading. Day traders should trade confidently in the share market but should stop speculation rather should rely more on research for ultimate success in the market.

PENNY STOCK INVESTMENTS said...

The situation in egypt will only get worse.

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