On 24th Oct. Sensex reaches 21000 but recedes very soon and ended with loose and even on 25th Oct. it ended in negative territory is there is something to cheer for 21000.
Why Sensex reached 21000 Mark??
Sensex reaches 21000 only due to Global reasons as US Fed hasn't taken back QE3 and also signals that it will not take back the same immediately. Which with the result is that Foreign investors started investing in developed countries and India is one them.
Second Reason is that US economy shutdown taken back after temporary solution which has taken all world stock markets to new Highs.
Is It Really Matters to Indian people??
But India there is nothing special done either by Government or by RBI and even RBI raised Repo rate which will reduce growth. Inflation keeps on rising. Onion Prices rises by 500% in two months. Milk prices keep on rising. All vegetable and fruit prices are on High, petrol Diesel prices on high. Petrol and diesel prices not reduced even when International and Domestic crude prices reduced. Everything is on rise and Salaries and Savinngs are Kept on reducing then how Indian Economy is on Highs this is Just a bubble and will burst very soon.
No policies has been made,
No new Projects are cleared and Jet-Eithadh deal get Struck.
Walmart closes his business in India as rules are not clear to them.
CBI going to esquire PM on coal Scam then what you are expecting with this 21000 Mark. There is nothing to do with this mark where whole county is engulfed in Scams and no one hear commn people. Food Security Bill passed for Poor but what a Middle Man can do. He neither say he is rich or he say he is poor. There is only Middle Man who suffers.