Again, bears are in full swing in the Indian stock market. Local and global factors including weaker overnight close of U.S. market, a poor show by Asian equities and a crash in the prices of banking and financial services stocks triggered a fresh bout of panic selling in the markets on Tuesday resulting a fall of sensex by 654 points to end at 12,636, the lowest in the last 15 months. On the day, the sensex opened about 200 points lower from Monday’s close.

The fall made investors poorer by Rs 1.8 lakh crore with BSE’s market capitalisation now at Rs 42 lakh crore. Domestic investors were also shaken by an announcement by Fitch - a global ratings firm- that it was lowering its outlook on the Indian currency to ‘negative’ from ’stable’ earlier. Adding to investors’ woes was political uncertainty at the Centre continued, forcing even value buyers to stay on the sidelines.

According to the global forecast India will not perform well in near feature. Around 35 - 40 % negative change can be observed in the market. People are telling it’s all about the oil price. May be lets hope for the Best.