As we had anticipated, 6th Jupiter had struck!
The Sensex down by 800 odd points and Nifty by 250, the Index is on a southerly course.
Dow fell again and people are anxiously awaiting today's performance.
The populist budget presented by the FM, has negative repercussions. The 15 billion dollar farmer loan waive off puts constraint on Indian banks and the Bankex is down by 3%. Punjab National Bank and other bank stocks are down heavily.
IT scrips are also down. There is retrenchment in some major IT companies.
The Rupee is up.
The Oracle of Omaha, Warren Buffett says that we are in Recession.
The Bankex fell by a whopping 659 points. All bank stocks are down. 6th Jupiter always creates problems and now the market has fallen by more than 5000 points. From 21232 to 16.6 K !
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