Thursday, June 12, 2008

Indian Stock Market in Unenviable Position

The Indian stock market finds itself in an unenviable position, where nothing is going right – be it the heavy FII offloading, mounting oil prices, creeping inflation or the unmistakable signs of a growth slump.

As a result, the sensitive index is responding to every bit of unwelcome news, leaving investors and market watchers in a fix on when this uncertain phase would end and indices would resume a rational and a more predictable course. The groping market has sunk so much of late that it is now among the worst performers within the brackets of emerging markets.

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