Thebullishtrends: BSE sensex lost almost 20% in seventh trading session yesterday. Yesterday BSE Sensex lost 875.41(-4.97%) points to 16,729.94 points but sensex touched a low of 15,332.42 in early morning trade. FM said the fundamentals of the economy are strong and liquidity will not be a problem as Reserve bank of India as well as banks will provide enough liquidity to brokers and to other market players.Boosted by the U.S Federal Reserve's action to cut the lending rate by three-quarter of a percentage point in its first emergency meeting after the 2001,Indian stocks touched the bottom levels almost stocks lost 20% to 50% of its values(incase of Mid, small-caps) there is a sure possibility today that Indian markets will soar today.
Asian Markets opened before the Indian markets responded well today. Japan's nikkei jumped 2.9% to 12,937.14 points and Chaina's Shangai composite advanced by 0.3% to 5,443.70 points. Hongkong market players are expecting that Hang Seng will definitely will rise over 1000 points today after it lost 14% in last two session. Almost all European markets are trading extreamly well today. European markets opened before the Indian markets. And Asian markets are also trading well in the opening trade, these markets opened before the Indian markets. (23/01/2008 at 8:45AM)
