Biggest problem of Indian Sensex – commodity and wage hyperinflation and slowing outsourcing revenues from US and Europe
Harish Baliga
Jan. 30, 2008

Sensex fell again 300 points. Reserve Bank of India cannot lower rates because of inflation concerns.. At the same time elite jobs are getting sucked out from the Indian outsourcing sectors as US goes deep into depression.

Sensex, which had lost nearly 60 points in yesterday's trading, today lost further 333.30 points before settling at 17,758.64.

Oil and gas sector index plunged the most by 500 points at 10,700 followed by capital goods index by 340 points at 16625. Realty index fell by 250 points at 10,150 and bankex index by 220 points at 10,900.

The commodity hyperinflation and lack of talent in the outsourcing sector haunts Indian economy. Reserve Bank of India (RBI) cannot lower the rates mimicking the Federal Reserve in US because of inflation concerns. India is facing severe stagflation. RBI decision to keep key rates unchanged, resorted to selling amid weakening global markets.

Biggest problem of Indian Sensex – commodity and wage hyperinflation and slowing outsourcing revenues from US and Europe
Harish Baliga
The commodity hyperinflation and lack of talent in the outsourcing sector haunts Indian economy. Reserve Bank of India (RBI) cannot lower the rates mimicking the Federal Reserve in US because of inflation concerns.
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Hyperinflation in India makes the difference - Reserve Bank of India on Tuesday kept all key rates unchanged – Sensex reverses and ends in loss
Reena Roy
Sensex was up more than 300 points before the RBI decision. After RBI made it clear to the Indian oligarchs that there will be no rate cut, Sensex reversed and fell close to 60 points.
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Indian Sensex resumes massive decline- outsourcing and financials hit badly
Babu Ghanta
The market breadth is decisively negative confirming Elliot Wave third wave on the down side. It can be a catastrophe. Out of 2,700 stocks traded so far, 2,250 have declined, 400 have advanced and 50 are unchanged.
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Sharp rally in Sensex (up 1400 points) confirms bear market in India – every bear market is associated with spectacular short covering
Kartik Punaskar
Bombay Stock Exchange’s Sensex ended at provisional 18,380.59, up 6.73 per cent or 1,158.85 points. The index soared to a high of 18,406.25 from a low of 17,504.00.
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Sensex down 372 on liquidity concerns - the bear market in here with sporadic upside rally
Sonia Chopra
India lives in ‘high’. But the reality is about set in the main streets of New Delhi as the global depression and commodity hyperinflation takes over the state of ‘high’ and prosperity. It resembles 1929 in United States.
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Indian stock market getting melted – down more than 20% in four days
Shankar Hotabi
The Sensex is down more than 20% in four days. The index is now down 9.8% (1,716 points) at 15,889 after three hours of trading.
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Indian stock market crashed 1,408.35 points – the result of tagging Indian economy to that of US – can India Inc. survive?
Benny Solanki
Indian stock market crashed 1,408.35 points. Investors in India have lost over 300 billion dollar (Rs 11,85,285 crores) in the last six days.
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