MARKET-2008(THE UNFORGETTABLE TOUR)

PREPARED BY; PRASHANT CHAUDHARY05-01-09

TH

OU

SA

ND

10 jan ’08.Tata’s unveil the much

awaited Rs 1 lakh nano

25 mar 08.Sensex keeps its rhythm with

second biggest singleday

gain.16217.49

17 apr 08.CRR hiked 50bps;banks

to hold rates till policy.16481.20

21 jan 08.Sensex biggest ever intra day

fall of 2062 pts.17605.35

15 jan 08.India’s biggest IPO

reliance power open.20251.1

11 feb 08. Reliance power listing fails to lighten the market debuted with over 17% discount 16630.91

27 June 08, crude oil prices crosses

$142 per barrel.13802-22

20June 08. inflation hits 13 years high at

11%.14571.29

22July 08.UPA proves majority

& win confidence

votes .14104.20

11 Aug 08. Abhinav bindra

wins gold medal.15503.92

7 AUG 08. inflation scorches to 13yr peak at 12%.15117.25

13sep 08. Indian mujahideen strike

delhi.13531.27

1 sep 08. finance secretary d. Subbarao

appointed as new governor.15049.86

7 0ct 08 Tata relocates nano

project in gujrat.11695.24

24 oct 08. Sensex sheds 1017 pts. 3rd largest single day fall in %age.8701.07

26nov 08.terror strikes taj, trident,CST

&nariman house.9026.72

16 dec 08. investor slam

satyam move to buy maytas.

9976.98

KEY EVENTS THAT HIT THE GLOBAL FINANCIAL MARKET IN 2008.

JANUARY

• Fedral resesrve makes the first of many rate cuts.

•Oil prices go over $100 per barrel for first time.

•Bank of america buys country wile , the US biggest mortgage lender

•France’s societe Generale says a trader, Jerome Kerviel, lost €4.9 billion via unauthorised trades.

FEBRUARY

• GERMANY faces tax scandel.

• UK nationalises northern Rock, a bank dealing in risky reality loans

MARCH

• GOLD tops $1000 an ounce.

• Bear Stearns becomes first big US bank to get into trouble due to subrime exposurelt is sold off in a deal engineered by the fred

• Swiss bank UBS announces massive losses due to risky investments

• Rising world food prices cause riots in Egypt and African countries.

APRIL

MAY

• HIGH fuel prices causes protests by fisherman and truckers in many european countries.

JUNE

• US unemployement rate rises by a half percentage point to 5.5%, the biggest leap in two decades

JULY

• OIL prices hit all time peak at just over $147 a barrel.

• World trade talks collapse in geneva.

AUGUST

• A five day war between russia and Georgia brings new concerns for oil prices and the west’s energy security.

• US takes over Freddie Mac and Fannie Mae, which underpin most of the country’s property loans.

• Lehman Brothers bank for bankruptcy.

• On sept. 15, the US stock market plunges by more than 4.4%.

• US steps in to save AIG, among the world’s biggest insurers, In britain, Lloyds TSB bank swallows HBOS.

SEPTEMBER

• Fortis bank is bailed out by Belgium, the Netherlands and Luxembourg, while France and Belgium step in to save the Dexia bank.

• US administration draws up a $700-b operation to mop up banks ‘toxic’ mortgage debt

OCTOBER

• World stock markets crash again on Oct. 10.

• UK primier Gordon Brown proposes concerted action to save world’s bank.

• Iceland nationalises its biggest banks amid a massive credit crunch due to borrowing abroad.

NOVEMBER

• Democrat Barak Obama wins the US presidential election. The US reports another huge jump in unemployment to 6.5%.

• China announces a huge economic stimulus plan which breifly lifts world stock markets.

• The international Monetary fund warns of a global recession for 2009.

DECEMBER• Details emerge of a world wide financial

pyramid scheme run by a top US financier Bernard Madoff. Losses are expected to reach $50 billion.

• European Union leaders draw up a concerted €200 billion plan to hold recession.

• After much hesitaion, US president Georgia W. Bush announces help for his country’s two biggest auto companies

• Oil prices fall below $40 a barrel.

• The russian ruble drops to a three year low against the dollar.

……….Thank you.

Prepared by: PRASHANT KUMAR SHOBHIT UNIVERSITY MEERUT