Inflation Report Will Be harmful For Indian Stock Market

August 7, 2008


Crossing the 12 per cent barrier for the first time in 13 years, inflation moved to 12.1 per cent for the week ended July 26 on soaring food and non-food article prices. This is very bad news for Indian Stock market.

Crude oil has become cool after get a high boil. But inflation in India could not be controlled by Govt. of India. It seems that Govt. of India does care for increasing inflation. Petroleum Minister told yesterday that there is no question of decrease rate of petroleum even rate of crude oil in foreign is going to its low rate.

After this statement of Petroleum Minister Indian industry, transporter and other general people have not any hope to come down the inflation report. This is the sign of weak economy policy. This is the big question that why we’ll pay more then international price of crude? What is happing with people’s hard earn money which is paid extra by them for petroleum? People are asking now that does this money use for buying vote for save the Government?

The situation of Indian market is very bad. FIIs do not like this kind of economical disarrangement. Inflation has broken record of 13 years report. It does not seem that emerging Indian stock market can bear this hammer of Finance Ministry of India.

Be careful and book the all profit once and wait for correction in market.

Comments (2)

  1. prash0910 says:

    CRUDE OIL MAY TUCH 110 -111 & GOIN FOR UPO TREND TARGET IS 130-135 .SO INDIAN INFLATION MAY TUCH 13.00

  2. market says:

    URL should be as long as possible. change the font first using notepad.

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