The dominant theme of the week is the big meltdown across all asset classes as the global financial market came to terms with lower growth in all major economies. The Dow Jones crashed nearly 5% on Thursday, Asian stocks followed suit on Friday and crude and other commodities also lost.
It was a tough session for the markets and a disappointing close to the week. Experts don’t see sharp fall in the Indian markets and say that the downside is capped.
Greek debt crisis are once again picking up stream. Political instability there has added on to investor worries dragging European markets to a three-month low.