Sunday, November 12, 2006
Hindu Share Market Price Values
Common myths of share market The stock markets' reactions to the changing political scenario continue to hog as much attention as the political developments themselves. The election results were a surprise, the share markets did not countenance a non-NDA Government and the share prices dived as a consequence. Last Friday and into the following week the Sensex dived precipitously to touch 4228 at one stage on Monday. In fact so sharp was the drop in share prices on Monday that the exchange authorities had to intervene and stop trading for a full three hours. Although political uncertainty in the wake of an unexpected election verdict seemed to have drastically altered the sentiment, a proximate cause is attributed to some strong anti-economic reform language of a few Left leaders. By taking a rigid line on privatisation many days before a Congress-led coalition Government (to be supported by them) was even visualised, the Communist party leaders allegedly brought down the share prices in an unprecedented manner. Get More Hindu Share Market Price Values
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