23 Jun 08 Inflation at a 13 year high
The inflation numbers which were released last friday served as the final nail in the coffin, for the Indian stock markets. With Inflation jumping by about 2% to over 11%, the markets are going in only one direction - DOWN. The markets crashed by over 4% as soon as the inflation numbers were out on Friday. There doesn’t seem to be any respite for investors since the market today seems to have picked up the downfall from where it stopped on Friday. As of 12 Noon, both the nifty and the senxex are down by about 2%. More updates will follow as the bloodbath seems to continue on dalal street.
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