This is the first time that stock markets drastically fall down after Narendra Modi came into the power. Both stock indicators SENSEX and NIFTY fall down over 3% all of the sudden on Tuesday. Prices of Blue-Chip scrip like ICICI Bank, SBI, RIL and Infosys fell over 4% in just one day where as ONGC slumped down 5.7%. There are three main factors for the stock market collapse. Crude Oil prices in international market are in downtrend since last few weeks. Oil Prices have fallen to April’2009 lows. The crude oil slipped below $50 a barrel. This causes correction of stock markets including India. Crude oil has created lot of uncertainties across the world. Analysts predict the Crude Oil prices might hit below $40 per barrel. Greece Political disturbance is another reason for the fallen of stock markets. The country’s enormous debt burden of 175% of its GDP continues to weigh its economy. The current Greek Government doesn’t take any initiatives to take measures to repay the debt. Government didn’t take much risk just before the election which will be scheduled on January 25th. RBI’s latest projections indicate that interest rate cuts might not imminent. 

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