Terrorist attacks or to hit the Indian stock market

If India's financial markets Friday as officials had expected the re-opening the market to Mumbai since the terrorist attacks suffered heavy losses. In the inflow of funds into the market has been dragged down by the global financial crisis and declining, terrorist attacks further hurt the popularity of overseas investors. India's financial center Mumbai terrorist attacks Wednesday night, leading commodity trading, including all the financial markets all closed Thursday. Indian rupee in the off-shore trading sharply lower. Birla Sun Life Mutual Fund chief investment long A. Balasubramanian said that the incident will increase around the overall negative market sentiment. Popularity overseas investors will certainly be further setbacks. In the attack, the terrorist attacks on foreigners by two popular hotels, the main train station and other targets, leading to more than 100 people dead. The terrorist attacks will be targeted Westerners regular activities of the region, may be intended to deter tourists and business travelers. After the attack, from Google (Google Inc.) To P & G (Procter & Gamble Co.) Many multinational companies in Mumbai's first to confirm the safety of staff; all Mumbai flights have been canceled or postponed. As of Thursday evening, the situation in Mumbai is still unstable; analysts said, making the market re-opened after the fall of the magnitude and duration of the more difficult to predict. They added that this attack will depend to a large extent on the overall economy is expected to impact. Bosch spokesman for the Bombay Stock Exchange (Kaylan Bose), said Thursday night, as of the moment, we decided to open tomorrow. However, he pointed out that the situation is still volatile. India's market regulator Securities and Exchange Commission, India (Securities and Exchange Board of India) Chairman CB Bhave said that Friday will decide whether to reopen the market. India's economy has been showing signs of weakness, as of June 30 in the first fiscal quarter growth slowed to 7.9 percent;, according to Dow Jones survey of economists expect India's economy will grow in the second quarter, or 7.3 percent, the Data scheduled for release Friday. Dealers expect the market to reopen after the Bombay Stock Exchange benchmark 30-stock Sensitive Index (Sensex) may be down about 400-500 points, the stock market Wednesday to close at 9026.72 points. They said that in November derivatives contracts expire Friday, which will add to the terrorist attacks brought about by the downward pressure on the stock market. This year, the index fell a total of about 55% of the total capital overseas investors 13,460,000,000 U.S. dollars; last year was a net inflow of 17,240,000,000 U.S. dollars. Market observers said the re-opened after the stock market, tourism, hospitals and transport industries will clearly bear the brunt of damage. But analysts said that in the past from India after the terrorist attacks of the market rebound, the stock market decline may not last long, but the terrorists will target Westerners may be an additional emotional concerns. Jardine Fleming Asset Management (JF Asset Management) of Hong Kong investor relations director Daniel Chui said that the Sadly, it seems that more and more terrorist attacks occur frequently in emerging markets and developed markets. Indian rupee fell sharply this year, mainly affected by the outflow of foreign capital; Friday rupee may fall. A senior U.S. bank dealer said that the exchange rate will appear immediately, but I expect the Bank of India (Reserve Bank of India) Friday will always monitor the market exchange rate fluctuations. U.S. dollars Wednesday to close at Rs 49.49; Thursday in the non-deliverable forwards in offshore trading, the dollar rose to Rs 50.20-50.50, traders said that the level of 50 rupees, or will be a key position. IDBI Gilts in charge of the transaction is expected to S. Srinivasa Raghavan, India treasury bonds is expected to fall, but the decline may not be very substantial. He said that expires in 2018, carry a coupon interest rate of 8.24 percent of India bond yields may be from Wednesday's 7.09 percent rise to 7.15 percent, but the bond market trading is still the main guidelines of inflation prospects.