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27 Aug 2010

Does Federal Reserve Chairman Ben Bernanke Holds Key to Indian Market?

The answer to this questio that whether Ben Bernanke holds key to global markets and one can say the same with a firm answer and that is Yes as today state of market events speak for itself.

Investors have been eagerly awaiting the speech by Federal Reserve Chairman Ben Bernanke for more clarity on what measures the Fed might announce at the central bank's annual conference to prevent deflation and a double-dip recession and since it is going to be harsh steps and as a prelude to that and coupled with weak global cues Sensex lost further ground in the afternoon before ending down 228 points or 1.25% at 17,998, while the 50-share Nifty fell by 39 points or 1.26% to close at 5,409.

Thus now India is not isolated and one can say that whole world is their house as action at one place do have an impact on other place.

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