Sensex tanked 460 points (Nifty down 140) to 19760 and 5985 respectively.
All due to (if you believe the TV experts) the rupee falling to its lowest level in the past one year to around 56.80 - 57. and the RBI talking about a very high CAD.
One really thought that RBI has always been talking about the dangers of high CAD and inflation levels.
And there definitely was no big surprise in the GDP for the last quarter at 5%.
It was pretty interesting to hear these experts talking only the previous day of buying in this market - totally changing the tune to sell sell.
I really admire these experts - they sure can talk and sell their views.
As for me - I am going back to listening to the endless and repetitive discussions on TV about IPL and BCCI and the IMD forecast of rain next week, Phew - it sure is hot.
All due to (if you believe the TV experts) the rupee falling to its lowest level in the past one year to around 56.80 - 57. and the RBI talking about a very high CAD.
One really thought that RBI has always been talking about the dangers of high CAD and inflation levels.
And there definitely was no big surprise in the GDP for the last quarter at 5%.
It was pretty interesting to hear these experts talking only the previous day of buying in this market - totally changing the tune to sell sell.
I really admire these experts - they sure can talk and sell their views.
As for me - I am going back to listening to the endless and repetitive discussions on TV about IPL and BCCI and the IMD forecast of rain next week, Phew - it sure is hot.
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