1. The US sub prime crisis has deepened as $700 Billion bailout package has failed in lower house vote and as a result failure of rescue plan sent the Dow Jones industrial average down as much as 700 points.
2. However one need not worry as its failure means that the rescue package will be resent to lower house in a modified manner. however pain will remain in the world stock markets. Do remember to check out Indian ADR and world stock markets in Morning before trading. The links for same are given in side bar and top of the title of this post.
3. Thus seeing the global trend we are likely to see a gap down opening as Indian stock market is no more insulated from the global markets.
