Markets in Blood Bath.....:(

Today Indian Markets plunged again by 704 points after 2 years.
SENSEX-16361
NIFTY-4923
Its second lowest in history of Indian Markets after the downfall by 800 points in 2008 on account of Satyam Scandal and US recession (Lehman Brothers Collapse)...
this world economy will take us no where...USA as we know is already in double dip recession,taxes are not being paid,jobs are slashed.
Recently,in a meeting of federal open market committee they discussed the negative outlook which they are observing
Next if we talk about euro-zone there  policymakers have repeatedly followed the wrong policy shifts, creating a situation in Europe "more dangerous" to the global financial system.
Economists and Chinese officials have widely predicted China's growth will slow, largely because of waning exports and like India ,China's central bank has raised interest rates five times on account of inflationary measures.
European markets like France's CAC, Germany's DAX and Britain's FTSE were down 4% each, at the time of closing of Indian equities. Asian markets closed 2-5%. The Dow Jones futures fell 1.5%.
The depreciating rupee is a factor that is working against India,today rupee closed at 48.96 per USD which will affect Indian imports drastically.
Gold prices fell by Rs 160 to Rs 28,340 per 10 grams.If we see the precise numbers  investors suffered a whopping loss of over Rs 2 lakh crore in the stock market.
phewwwwww..that was all for today which was I guess a total noteworthy day...
I wish this festive season will bring a positive uptrend in markets...
God Bless..
take care..:)

hiee friends...
first of all..A good news..I am placed in Infosys....
now next thing comes...where are we heading too..not we actually...our economy specially Euro-Zone and USA.......Euro-Zone is on the verge of collapse..
the pressure if we see is increasing tremendously...the reasons may be
1.Market pressure on Italy and Spain rises with borrowing costs 
 2.The United States' top credit rating is cut for the first time ever, triggering turmoil on the financial market
3.Concerns emerge that France could be the next country to suffer a top credit-rating downgrade.
4.European stocks have tumbled by about 4.0 percent. and Euro zone inflation steady at 2.5 per cent
5.Gold jumps to a record high price of $1,921.17 an ounce. 
6.Greece announces new budget cuts totaling about two billion euros, with renewed rumours of a debt default or Greece's possible exit from the Eurozone. 
7.The eurozone's current account balance worsened in July to a deficit of 12.9 billion euros 
deficit-difference over earnings and expenditure..i.e, earnings is less by 12.9 billion euros than expenditure...
hope I made my point clear...
n the question..what's aggravating the situation ..??
Italy -- the euro zone's third largest economy but these Italy's struggling to get back the investor's confidence and moreover they have asked help from China.So that China may buy Italian assets and stabilize the euro-area.According to the new data,Italy has sold its assets worth 3.9 billion USD.
Expert statements
Polish FM said "if the economic conditions would not recover ,then world war III is expected."


IMF chief Christian Lagarde said "our economy is a dangerous new phase,worsened by feeble political leadership, with deepening uncertainty over the most heavily indebted governments."


European Central Bank chief said "threats to the euro region have worsened and growth rate is reduced to 1.6 %.
Now comes the other news which came into picture was...Other Countries are saying that Greece must exit from euro-zone.
For recuperating from this crisis a strong base is needed.The most strong economy is euro-zone is Germany and second is France. They have already given certain bail-out packages for this crisis and they have ensured their further support too along with that The IMF is taking a key part in last year's 110 billion euro ($151 billion) bailout of Greece, but is still analyzing Athens's progress before releasing a new tranche of funds to the government. 
Let's hope the situation does not get bad to worst...
Take Care...:)