The fall exhibits….

The Indian markets are grossly underperforming the rest of Asia due to the cropping local issues that are there but dormant.
The production cut backs are now spreading form auto mobile to cotton industry, diamond industry & agri exporters’ dependant on US. The bad news engulfed the infrastructure slow down inspite of lower metal and cement process. The real-estate boom became a doom spoiled the spiraling steel prices party, now a situation to cut the production both hot rolled and cold rolled products. The fall in commodity prices did not helped the industry due to the wide-spread “fear of spending”, the sole reason for this slowdown/recession in the developing nations. The classical example is the shutdown of plants by reliance.
The local demand is not exhausted at the consumer level especially countries like India but the think-tank high level community spreading the voices of vicious feelings that “it could happen in India like US”. So the belt tightening measures controlled the loan disbursal and the consequential impact is known to every body.

NIFTY LEVELS will be posted in the follwing post after 8pm.