Sensex Might Crash on Monday - Global Market Worry

• Author: admin
• Filed under: Budget, india
• Date: Mar 2,2008

Sensex is due for another big crash coming week , we all know that it did crash on Friday after Budget as there was nothing from the Budget that would benefit much for the India Inc , Except FMCG and Automobile Sector , there was nothing that can be talked about , Another think waiver of around 60000 crores might burn some Public Sector Banks Balance sheet have to hear more verdict on this , Then the increase of Short term Gain tax from 10 to 15 percent might also have some negative effect but on the long run it would be positive because they might not sell frequently and hold it, which will in turn make the market better and not too volatile.Anyway to close this post market will crash on Monday not just because of these domestic reasons but mainly because Dow jones crashed by more than 300 points which will make Asian market to start lower and that will also reflect on out Indian market, See my Previous post for the Dow jones crash on Friday.