FM hopes markets will remain firm

Agencies
Posted: 2008-10-14 11:37:52+05:30 IST
Updated: Oct 14, 2008 at 1137 hrs IST

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Share, asset prices may further fall: WEF Rate cut hopes spark investor fancy for gilt funds MFs see outflow of Rs 47,000 cr in Oct Right time now to invest in gold, say experts

Finance Minister P Chidambaram on Tuesday expressed hope that Indian capital markets will show the same "optimism" as was displayed by the US, European and East-Asian markets.

"I hope that the same sense of optimism and confidence (as witnessed by the US, European and East Asian) will be visible in the Indian markets too," Chidambaram said in New Delhi.

The US and the European capital markets closed on a strong note last night, while the East Asian market staged a rally this morning, he said.

It appears that the measures announced by various governments and central banks have not only infused greater liquidity into the markets but have also helped in restoring the confidence to a significant degree, he added.

The Bombay Stock Exchange benchmark Sensex was up 542 points at 11,851.15 in the early trade today. The Sensex, on Monday, recovered by over 700 points after the Finance Minister's assurance that more measures will be taken to infuse additional liquidity into the system.

While the Nikkei in Japan was up by over 13 per cent, Hang Seng in Hong Kong rose by about 4.39 per cent.

The markets in US too closed higher on Monday, with NYSE and NASDAQ recording gains of 10.17 per cent and 11.81 per cent respectively.

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» FM Sir's -Assurance

Posted by SHARAD CHANDRA on 2008-10-14 11:51:30.137481+05:30
Respects to FM sir,,It was very nice, to hear such kind and informative words, from FM sir,,--Bombay Stock Exchange benchmark Sensex was up 542 points at 11,851.15 in the early trade today. The Sensex, on Monday, recovered by over 700 points after the Finance Minister's assurance that more measures will be taken to infuse additional liquidity into the system.,It is good sign of relief,- FM 's assurance,, for the flow of money in market,, is an positive gesture,, and also RBI's support,,, (CRR),, etc,,I hope stock market will onceagain, bounce back to normalcy,,We can breathe,, but cannot take deep breathe,, as still lot of work ,has to be done in the market-rejuvenation,,SHARAD CHANDRA,, ZCS,,HYD

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FM hopes markets will remain firm

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