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Vritika Ray - ArticlesVritika is an investment advisor and is providing reviews on market news india, stock market news and information on mutual funds in India.
Sensex Slides On Budget DisappointmentIn Sensex news, the worsening global recession and disappointment over the interim budget 2009-10, led to a fall in the stock market for the week ended February 20. The industry termed the interim budget 2009-10 presented by External Affairs Minister Pranab Mukherjee, who holds charge of Finance, a lackluster one. In what was seen a non-event interim budget, Mukherjee merely fulfilled a constitutional requirement for expenditure approval until the presentation of a full budget. Markets Recover From Early Losses on Stimulus HopesPositive global cues and hopes of another sector-specific stimulus package and tax sops by the government in this year’s interim budget helped the Indian stock market regain some of its early week losses for the week of February 2-6. Rate Sensitives Face the Heat, as Global Cues Turn WeakThe stock market news for the last week is not encouraging at all. The benchmark market indices ended with losses last week. For the week ended January 23, the BSE 30 share Sensex fell nearly 7 per cent or 649 points to finish at 8,674 points. Nifty, the broader benchmark of the stock markets also slipped 5.3 per cent. It closed 5.3 per cent lower for the same week. The fall was led by negative cues from the global markets. Is it the Time to Go Back to Basics?This year has not really been very positive for corporate India and also for the key stock market indexes, Sensex and the Nifty. The year began with the unveiling of one of the biggest scandals of India Inc—The Satyam Scam. The case has not only given a bad name to the much promising India IT sector but also the entire corporate India. Govt Takes Proactive Steps to Revive Troubled SatyamThe markets are going through one of the roughest phases in recent years witnessing heavy selling pressure across various sectors. Earlier during the month the markets went into a tailspin following the Satyam chairman Ramalinga Raju admitting a massive accounting fraud. 2009: What Will the Markets Eye?The Indian share market did witness the much-awaited year-end rally some time back. The market news is that the benchmark Sensex gained nearly 400 points in two trading sessions. As a result, it managed to hit the crucial 10,000 mark some time back. The Nifty also closed above the psychologically important 3000 mark, for three consecutive sessions. All these gains were made on the back of firm cues from Asian markets and a drastic drop in inflation, which fell below 6 per cent. Indian Markets Off to a Good Start for 2009Indian equity markets rang in the New Year 2009 with a bang amid expectation of a second economic stimulus package. The opening week of 2009 raised some hopes for worried investors who are so shaken from the violent market swings in the past year. However, the magnitude and the breadth of the declines was staggering with worldwide investors losing over $30 trillion in market cap during the year, which is by far the largest ever for world equities.
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