SGX NIFTY TIPS

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SGX Nifty is now trading at 5098NF, down 132 (3% Fall) points from last closing. It noticed a low of 5022 which was 208 NF points (4% fall) from last closing but now it has been recovered from there. Reason of falling is debt crisis of Italy and this time crisis is so big that it cannot be bailed out by European Union. Italy itself has to take certain preventive measures. This resulted in big fall of 389 points in Dow last night. 

Even all Asian markets are trading down with the fall of 3% to 4%. Now all eyes are on Italy that what measures it takes for big installments of loan which they have to pay by Monday. This will keep pressure on all markets till Friday. Traders and investors are advised to be cautious.