I never tracked “sensex” as I did today. After US credit rating downgraded to AA+ (AA+/Negative/A-1+), I went curious how would India react to situation. Sensex graph displayed here is from bseindia.com and is today’s highlight (8th August 2011). If market can recover after FM’s assurance, its surely trust on FM. How long traders trust FM, only Sensex can reflect in future. Till then its a “Well Done” credit to FM.
Lets wait and watch for ‘Doom Day’ of FII Outflow Catastrophe, till then keep buying GOLD.
I personally recommend who are interested in understanding downgrade reasons, detailed analysis report is available from Standards & Poor website www.standardandpoors.com. Also UnderstandingRating.Com is another website on credit rating.