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Turmoil in US markets responsible for carnage on Dalal Street!

Wednesday, February 07, 2018

Bloodbath and carnage on Dalal Street are the results of turmoil in the US markets as well as other global indices while the poor union budget was added on fuel to all the bad news. Liquidity was responsible for most global markets including India into venturing into untested territories but the bubble seems to be bursting now, as panic surrounds the market at the slightest hint of money getting withdrawn for obvious reasons. Unemployment, inflation, rise in crude prices, international instability, and terrorism are some of the reasons that would act as barriers for the bull run in stocks that has been stalled for the moment. Indian economy would suffer the most, be it the corporates, business men or the common man, had they diverted their hard earned money into stocks. Most stock prices have crashed with huge losses resulting for most. The least that citizens expect from the government are stable laws and legislations that are not changed time and again for taking firm decisions in every aspect!

— S.N. Kabra, Goregaon

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