Tuesday, August 08, 2006

Market Milestone

Today Indian equity markets achieved a significant milestone. BSE Sensex closed above 11000 mark while NSE NIFTY closed above 3200 mark. Experts consider these levels very significant for recovery of Markets. It struggled near these marks for last couple of weeks. Now it has to stay above this mark for few more days. That will lure the global investorsd back in Indian Market. And we will again start getting the attention worldover, that we deserve. Why this feat is again significant is that we are recovering in a grim global scenario. Oil is priced at $77 a barrel and there is Fed Meet tomorrow where they will deceide about raising US interest rares, that is directly going to affect each and evryone in this world. Let's keep our fingers crossed for those good old days before May 2006.

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