Indian stocks plummet after US downgrade
August 8, 2011 | Duration: 2 min, 28 sec
Indian equities reeled on August 8 in reaction to the downgrade of U.S. government debt, fears of a global economic slowdown and the ongoing euro crisis. Investors remained nervous fearing that the global economic situation is deteriorating. Due to uncertainty in stock markets, gold prices breached the crucial Rs. 25,000-level for the first time ever in history.