According to reports, Finance Minister Pranab Mukherjee announced that Indian markets are planned to follow the process of stabilization.

However, the announcement was made because the Standard and Poor's scale devalued United State's credit merit, as a result of which, the global market index was badly dilapidated but the Minister assured that the Country's economy was recovering.

Meanwhile, US's Federal Reserve promised that for at least 2 years, they would keep the interest rates close to zero, as a result of which Asian stocks trade rally was slanted with the universal uptick and Indian equities too rebounded back with benchmarks as they registered some striking gains.

On the other hand, in the opening trade in the BSE trade index, Indian market was increased by almost 400 points and after this rise, the Minister affirmed that within few days, Indian market would become stable.

"The Finance Ministry and Reserve Bank are working in tandem on stabilizing the markets and there is no dearth of liquidity in the system", while sharing his views about the issue, the Minister added. "One thing is certain that confidence has come back in respect of Indian markets. There has been a slow recovery and in couple of days it will be stable".