The big fear of the markets continues to be the crisis in the Middle East. The situation in Libya took a turn for the worse, with the opposition taking control of country's second-largest city - Benghazi. The opposition is shutting down oil exports and mobilizing rebel groups in the west of the country. But President Gaddafi is fighting tooth and nail to hang on to the capital - Tripoli. Reports suggest that regime loyalists are roaming the streets, shooting opponents.
In the last hour or so the focus has been on Gaddafi who is making another statement. He is actually addressing the city Az Zawiyah which is about 30 miles west of Tripoli where opposition forces say they have controlled the city there. He said itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
