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Q.

I do not understan,Crude has come down to 112$/bbl but Dowjones and Nasdaq are in red?Please reply?Comment upon tomorrow's markets?

About: Company: Reliance Petroleum Ltd.

Asked by BS VIKRAM, 12 Aug '08 09:30 pm
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Answers (5)

1.

See, crude is not the sole factor which determines the stock markets world wide. Curde is one of the factor among many factors. See today's condition of Indian market. Though crude price was down, the indices were down. The main reason is that, financial crisis in US is not over. It cannot be solved unless a solid move from US Govt is made, and unluckly that cannot be expected as long as Bush be the president. The most important factor is US financial crisis. Now I hope you got the point
Answered by Raghesh Mony, 12 Aug '08 10:02 pm

 
  
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2.

Brokers are playing game with the investors.
Answered by bhaskar erram, 12 Aug '08 09:31 pm

 
  
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3.

Crude declining due to global slowdown
Answered by dmohan, 12 Aug '08 09:32 pm

 
  
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4.

These days stock market in not influenced by anyting. Profit booking starts even when the sensex moves up slightly.
Answered by feroz khan, 12 Aug '08 11:36 pm

 
  
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5.

Although crude is on the decline, the US market is still feeling the wrath of the financial meltdown from housing. The latest is UBS. JP Morgan, Citi, Goldman dragging it down.
Answered by Uber Desi, 12 Aug '08 09:43 pm

 
  
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