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India Stock Market Plummets

The Indian market (sensex) plunged more than 550 points or close to 2% on Thursday which has now hit 5 month lows. This can be attributed to the government inaction on the stimulus package promised to stimulate growth and prosperity.

They dont talk much about this in American Media. We just dont have enough time worrying over whether Trump said something offensive or not. I guess its all up- for speculation and we are assured well have enough time to figure that all out….since we dont have an actual media here any longer.

The Indian market (sensex) plunged more than 550 points or close to 2% on Thursday which has now hit 5 month lows. This can be attributed to the government inaction on the stimulus package promised to stimulate growth and prosperity.

“The measures by the Sebi on FPI regulations are good, but the market still awaits clarification on the tax proposals for the FPI’s made in Budget. Investors are also getting impatient with regards to the prospects of a stimulus package from the government and the comments made by some government officials have dimmed hopes. We continue to expect some weakness in the near term,” said Vivek Ranjan Misra, Head of Fundamental Research, Karvy Stock Broking. 

Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Thursday virtually ruled out a major stimulus package for the economy, saying “profit is private, losses are public” was not good economics. 

This drawback is also a reaction to over world economic news and political turmoil. The EU and the Japanese markets both saw significant turn-downs as a result. But as we see from our own economy in the US, the federal reserve had to step in to ease the market tensions by assuring everyone that the rates were more of re-calibration than anything else.

We are continuing to see turmoil and unease around the world financially. Why? We are in a changing economy, a changing culture and a changing world overall. Will these things signal a new order to the world, or is this the beginning of something much worse where the change is violent and the order is absolute in the end?

Stay tuned.

for more info

https://www.ndtv.com/business/sensex-slumps-587-points-nifty-below-10-750-as-markets-hit-6-month-low-2088869

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