Black Friday in the stock market, why dropped Market

Black Friday was the day for the market. Record of the rupee against the U.S. dollar weakness has spread panic in the market. 18 598 index lost 769 points and Nifty lost 234 points to close at 5508. September 22, 2011 after the largest decline in the Sensex and Nifty Midcap and Smallcap stocks tumbling 4.5 to 2 per cent.

India's rating downgrade of Rs persistent weakness in the market are to be added to the speculations. The repo rate is expected to rise. Morgan Stanley said that the central bank may raise the repo rate by 0.25 per cent. The Bank Nifty's 14-month lows.

NSEL Broker and large investors fear because of the crisis has been unleashed. MSCI has caused changes in the market's decline. MSCI's index is removed from the Axis Bank, ICICI Bank, has reduced weight.

The decline in domestic markets dominate world markets. During the last 14 days trading session, the Dow Jones fell 10 days.