Today 12 May 08 Indian Stocks shows heavy Depression at 11 am. When TV channels contacted leading Experts to discuss online, most of them mentioned reason of highest crude oil price in world, which would make costlier transportation, manfucturing cost etc.
2. My Question here is that Indian Govtt imports all oil, and has Not hiked prices of petrol, diesel, gas since long. Business may have effect of hiked prices only when effected by Govtt to Public, and not before that. Secondly, if in future Govtt actual hikes petrol prices, will there not be any further effect, again ?
3. During 11 to 12 morning market moved upwards 150 sensex points (12-05-08). At 12 o'clock RBI declared March 08 Industrial growth which were showing below expectations, so market crashed below 200 points !
During last 40 days we were getting benefit in market growth looking to good financial results for quarter ended March 08. And now came to know that during that quarter industrial growth was only 8.2 % against expectation of 11.2 %, so market should be crashed now !!
4. If someboday declare here that Andaman got today 20 " rain, means normal rain will also come to other states, then market may move upwards 500 points ! On the other side if enviornment analyst predict of rain shortage market may crash 800 points.
5. Every Friday at 12 o'clock we come to know about inflation figures from RBI, which represent already three week old figures, even though it moves present market ! RBI can not claculate figures even one hour before or one hour late ! All these show that market is handled by only few groups and people at large are just a heard of animals.