Metal Stocks Hits Low as Euro Zone Crisis Continues
Recent stock market reports have revealed that the shares in India have seen downfall for the fourth session in a row and closed at 0.7% lower than earlier. This is time when black shadows of the Eurozone debt crisis seem hovering over economy of the nation.
The metals and mining shares of the country are the ones most affected by these events. The investors have given judicious response to the modern day policies of the European Policy-makers and have been able to steer clear from the effects of the debt crisis in the Eurozone.
This session has also affected adversely, the Reliance industries, one of the mighty industries in the country. The BSE index was down by 110.96 points from the 16.051.10 after it had opened at 0.2%.
"We expect the market to remain volatile till there is an end to this Europe problem. That decision is getting postponed and the uncertainty is going up day-by-day", revealed Neeraj Dewan from Quantum Securities.
He further added that they were just monitoring the developments of the global markets. There was minimal covering due to the positive turnouts of the US and Europe markets in the time to come.