The Indian bourses crash over 3.5% today over the report of US attack on Syria, while both US and Syria has denied the Russian Agency report which stated that two Ballistic Missiles have been detected by Russian radar coming towards Mediterranean.
Sensex- 30-pack indices of Bombay Stock Exchange (BSE) Tuesday crashes to below 700 points and closed at 651 points to 18234, a dip of 3.45% while broader Nifty - a 50 pack indices of National Stock Exchange (NSE) dipped to 225 points and closed at 209 points (3.77%), a sharp fall in the uneven market condition.
Banking, realty and oil and gas stocks slumped after the Russian Defence ministry announced that it has detected launch of two ballistic missiles from the central part of the Mediterranean Sea toward the eastern part of the Mediterranean coast.
This led to huge sell-off in the Indian equities markets on fears of instability in the Middle East region which would lead to a spike in crude oil prices – the major reason of worsening country's economic situation.
Indian economy is already reeling under a record high current account deficit, low industrial output and persistent inflationary pressure.
Besides Stocks market, Indian Currency Rupee too plunges sharply and breeched the barrier of 68 rupees against one US dollar which was hovering around Rs.66 since last three-four days.
The yellow metal (Gold) on the other shines with the jump of 816 points (2.5%) and trading around 33800 points.
null
|
|
Comments:
