commodity tips |
Similarly Iran is even a bigger oil exporter and last but not least we will consider Saudi Arabia as it is the largest oil exporter in the world and now Libya unrest is also spreading in Iran and thus problem is going from bad to worse.
Thus we need to keep an eye on the situation in the Middle East and North Africa as Indian stock market health is dependent to a great extent on the crude oil rate in the world market. If rate keeps on soaring than our market will trade with sideways to negative bias and 2011 is going to be a tough year for the market.
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