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Economy
In reply to the discussion: STOCK MARKET WATCH, Monday, December 12, 2011 [View all]xchrom
(108,903 posts)43. south asia: Sensex slides to 2-week closing low; RIL leads losses
http://economictimes.indiatimes.com/markets/stocks/market-news/sensex-slides-to-2-week-closing-low-ril-leads-losses/articleshow/11082124.cms
NEW DELHI: Indian shares slipped 2.12 percent to a two-week closing low on Monday after a sharper-than-expected fall in the country's October industrial output compounded concerns over slowing economic growth.
The 30-share BSE index closed 343.11 points down at 15,870.35, its lowest closing level since Nov 25. All but three of its components declined. The index fell as much as 2.3 percent during the day.
"The fear is now turning into reality...The data shows that the India growth story is perhaps just a story," said Jagannadham Thunuguntla, research head at SMC Global Securities.
Industrial output fell for the first time in more than two years in October as waning consumer demand took a toll. The output plunged by 5.1 percent, far worse than a median forecast for a 0.5 percent drop in a Reuters poll.
NEW DELHI: Indian shares slipped 2.12 percent to a two-week closing low on Monday after a sharper-than-expected fall in the country's October industrial output compounded concerns over slowing economic growth.
The 30-share BSE index closed 343.11 points down at 15,870.35, its lowest closing level since Nov 25. All but three of its components declined. The index fell as much as 2.3 percent during the day.
"The fear is now turning into reality...The data shows that the India growth story is perhaps just a story," said Jagannadham Thunuguntla, research head at SMC Global Securities.
Industrial output fell for the first time in more than two years in October as waning consumer demand took a toll. The output plunged by 5.1 percent, far worse than a median forecast for a 0.5 percent drop in a Reuters poll.
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I think it belongs in LBN for the same reason that even NPR updates Market numbers all day
bread_and_roses
Dec 2011
#23
Wow, this is like back to the future. It's already Monday somewhere, I guess - LOL!
InkAddict
Dec 2011
#11
Perhaps lobbying the rotating honchos at LBN and/or Admin could recover SMW posting rights there,
Ghost Dog
Dec 2011
#98
Once again, the SMW thread that was posted and locked was NOT a current SMW OP
Tansy_Gold
Dec 2011
#97
There is a lot of deja vu going on, and to different periods of modern European history.
amandabeech
Dec 2011
#87
Well, perhaps here is a market opening for a firm actually contractually committing itself to not
amandabeech
Dec 2011
#88