Our World

Indian Shares Take a Plunge

The value of stock shares in India were 6.8% down at the end of the day on Thursday. Analysts say the fall is because of falls in shares in other parts of the world. Andrew Holland of Merrill Lynch said, "Something had to give... the market had risen very quickly and was already fragile, so when we were hit overnight with fears of rising US inflation and weak Asian markets, jittery investors bailed." Then again the rumor of increased tax on foreign investments on the Indian market could have scared investors.

It is hard to optimistic about the situation because analysts don't know whether investors will put another $10.7 billion in India's market again like they did last year. It is going to be hard for India to again break barriers after this fall.

Stock Market

posted by Anonymous @ 5/21/2006 01:33:00 PM