Indian sensex loses 6% for the week; India loses confidence on American financial system
Parth Sharma
Nov. 15, 2008

India has finally realized that American financial system is full of lose ends from with mindless, insane deregulation. It is the task of the Europeans to force the Americans to rectify the situation and create a sensible, sane environment for investment.

After a strong surge at the outset, bourses turned jittery and registered hefty losses over the week, pulled down by several negative factors as investors became cautious ahead of the crucial G-20 leaders'' meeting at the weekend.

In the week to November 15, the Bombay Stock Exchange 30-share barometer fluctuated in a range between 10,570.58 and 9,267.49 before ending the week at 9,385.42, a net fall of 578.87 points or 5.81 per cent from its last weekend's close.

India puts the blames on the West for the collapse of worldwide banking system.

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