Don’t Lose Focus – Free Silver! Did the Averaging down forex market Market Just Bottom? Prepared For The Next Leg In The US Stock Markets?
Stock Market Topping – Everything Looks Rosy at the End of a Trend! Insane EU GDPR SCAM Triggers Mass Email Spam Attacks! Study: Slowing Global Economic Growth IS NOT Bearish for U. What if This Week’s Rally in Gold is Already Over? 20,873 and almost all analysts expected it to touch 25,000 before the end of 2008. By July 08, 2008, Evalueserve’s predictions had come true. January 2008 with respect to the Indian stock markets, the appreciation of the Indian Rupee, and the Indian economy in general had disappeared.
The SENSEX was already hovering around the 14,000 mark. Of course, then came The Great Recession worldwide that lasted until the third quarter of 2009, resulting in the SENSEX dropping to 8,451 on November 20, 2008, before it recovered to 17,464 on December 31, 2009. Similarly, the Indian Rupee depreciated from 39 INR to 1 USD in January 2008 to 53 INR on March 15, 2009, but then recovered substantially and was trading around 46 INR on February 28, 2010. 9 billion of FII money had left India by March 2009 when SENSEX had reached its nadir. Since the lowest point for SENSEX in March 2009, again there has been a substantial in-flow of approximately USD18. FII money to India, and most of this has again gone into the Indian stock market.