Sensex hits 20K, rupee below 64: Five reasons for the euphoria – The Economic Times:
Indian Stock Market Dazzle after a rapidly shrinking Rupee
The S&P BSE Sensex rallied over 700 points in trade on Tuesday to touch its key psychological level of 20,000. Tracking the momentum, the 50-share Nifty, which rallied for the fourth consecutive day in a row, surged over 200 points to hit its key psychological level of 5,900 in trade today.
The rupee was at a two-week high following weakness in the dollar index. The partially convertible rupee was at 63.90 in late trade.
The 30-share index ended at 19,997.10, up 727.04 points or 3.77 per cent. It touched a high of 20,012.69 and a low of 19,444.66 in trade today.
The Nifty closed at 5,896.75, up 216.35 points or 3.81 per cent. It touched a high of 5,904.85 and a low of 5,738.20 in trade today.
The top three traders – the United States, Germany and China – represent 28% of world merchandise trade according to WTO
.Global Debt to GDP Ratio : The Country with Higest Debt to GDP as compared to Countries with Lowest Debt to GDP Ratios
Advanced economies’ contribution to the world’s GDP (PPP) continues to decline. From 2010 to 2011, advanced economies’ share of the world’s total GDP fell from 52.3% to 51.3%. By 2013, emerging and developing economies will overtake advanced economies to become the largest contributor to the world’s GDP