SGX Nifty Witnesses Trading Tragedy

SINGAPORE, (GaeaTimes.com)- With the trading option swinging in a little low for SGX Nifty, all Indian equities are hitting it out negative. As per the last stands on Wednesday, SGX (Singapore Stock Exchange) Nifty recorded a trade of 5,229.50 which is as of a whole 78 points lower rate than what was recorded in Tuesday when SGX Nifty closed at 5,307.5.

As expected the Asian stocks have recorded a steady downfall which is really a matter to take into consideration. Now with the stands of SGX Nifty, Portugal and Greece are also witnessing down rates in accordance to the credit rates. Not to mention that the global economy will be receiving sharp blow with European debt crisis. As a matter of fact, Nikkei which happens to be the benchmark for Japan stood still at 315.81 points which is 2.82% rate fall that trades out 10,896.85.After the Sgx Nifty, the American stocks fell out at 213.04 points at a rate of 1.90% which finally traded 10,991.99. This was the biggest average drop recorded after February 4 where it was recorded a downfall of 268.37.

SGX Nifty witnessed the following firms of India facing downfall rates; Dr Reddy`S Laboratories, MTNL Satyam Computer Tata Communications and HDFC Bank-all faces a major loss at Sgx Nifty. The price for oil have recorded a steady drop as the traders were hoping for some rewarding interests by t5he Federal Reserve s of May the crude benchmark recorded a down fall of $1.76 in accordance to New York Mercantile Exchange. Taking a sharp drift to the open spot market Dollar Index d had a steady downfall at 0.244% till 82.20. However, it recorded a high drop as of 82.33 and low drop at 82.17.