US markets started it's week on very very weak notes today! Huge selling in US stocks. All because of S&P's downgrade of US credit ranking on Friday.
Here are the numbers of fall. It's not fall but sinking. More than 5.5%, 6.6% and almost 7% in a day for indices.
Dow Jones -634.76 (-5.55%)
S&P 500 -79.92 (-6.66%)
Nasdaq -174.72 (-6.90%)
So what would you expect from Indian stock markets today? Do I need to say anything? Would we see 16,000 that I had talked about in last post?
Though Indian Stock Markets have already tank on Monday, reaction of another 300- 400 points in SENSEX on downside is inevitable.
Read the post: Downgrade of US credit rating - Whats ahead for Indian stock markets
