Tuesday, November 23, 2010

Sensex 265 points down due to global crisis

Mumbai: Sensex ended in red at close with 265 points down due to worries about global crisis and war like situation in Korea following drop in world markets like United States stock index. In the early trade today morning it was 615 points down but recovered after few hours of trading still closing in red.

This was one of the sharpest declined in stock market history and biggest since August 17, 2009. Market breadth was negative today with 819 advances against 2,221 declines in the market. Meanwhile the war like crisis situation in Korea has affected other Asian Markets as well. European and American markets were also down today due to worry over global crisis.

Markets are not likely to recover easily tomorrow if crisis in Korea continues and it is also likely to affect the other Asian Markets as well. European markets may end in red also due to various speculations regarding crisis in Korea.

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