A month with big plunge in all sectors  
2 Nov 08, 12:43pm

October month passed with historical plunge in stocks, crude, gold and other metals, spices, currencies and highest outflow by FIIs.

Asian stock exchanges suffered heavy losses in October compared to global peers. India's National Stock Exchange index Nifty reported the biggest drop in Asian markets with 26.41% plunge. Chinese Shanghai Index (SSEC) in the second position (-24.63%) and BSE Sensex in the third position (-23.89%). Japan's Nikkei lost -23.82%, Honkong's Hangseng -22.46% and Korea's KOSPI lost -23.13% in October.

But Eurpean and American indices performed well compared to Asian markets. Dow Jones slipped 13.95 percent, London FTSE 10.71% and Germany's DAX 14.45%.

Nikkei plunged to a 26 year low in October and most European and American markets plunged to 5 years low. Indian markets also dipped to its lowest level since 2005.

International Crude Oil prices plunged 35.41 percent in October and Indian basket of crude oil witnessed a 32.39 percent drop.

Gold also witnessed a 17.5 percent drop in international market and 12.37 percent in Indian markets.

Many metals plunged in October like Silver (-16%), Platinum (16.73%), Copper (31.5%), Steel (27.96%).

Spices also reported heavy losses in Indian markets like 15.73 percent drop in pepper and 14.23% drop in Cardamom.

Most of the world currencies dropped heavily in October except US Dollar and Japan Yen. Indian Rupee crossed 50 mark first time in history in October. Rupee depreciated 5.3% percent in October.

Indian stock markets also witnessed the highest outflow by foreign institutional investors (FII) in October, 14,272 crore rupees.