BSE sensex hits bottom
The Sensex fell by two hundred points amid growing speculations of further fall in the volatile market. Starting at a score of 16362 points, it was close to 16162 at the end of the day. The abrupt fall has further increased the worries of the seasonal investors who are still reeling under the recession wave. Road to Perdition? The recent years have witnessed a disappointing trend in the market with high variations at low intervals. The market, once known to hit the 20000 mark with vigor and vision had lost 702 points about a year and months ago. This is the second steepest fall in the recent months. The sudden fall has also been blamed at the decrease in the value of the rupee which sadly stands at Rs.49.90 against the dollar, making it one of the worst performers in the Asia’s most traded currencies. The continued degradation in the European markets coupled with the snail paced growth of the US market has already caused a major concern over the Indian financial cl...