This week the indian stock market has been steady. The same is not the same with the US stock exchange. The interim stimulus budget announced by Obama had very little impact on their stock market. It fell continuosly and even breached the 8k mark. All this had no effect on the indian stock market. Probably and hopefully this is the end of the dependecy of Indian market on the US. As of now Indian stocks seems to be impacted purely by the happenings in the country. On friday, the railway budget was announced. This had a good impact on the stock market as it went up. Only the railway related shares went down, but overall it was taken very well.
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