Good Morning Friends
Well, I think Indian Stock market is going to spoil diwali of investors. It’s already on down side and I just got news that BES Sensex is all time low for 2008. When I am writing this it is 9866.65 and it’s -303.25 for today.
The BSE Sensex is seen falling to fresh 2-¼ year lows on Thursday in the aftermath of another global rout of equities, with fears of global recession expected to lead to further withdrawals of foreign investment funds.
Asian stocks dropped to a four-year low for a second day on Thursday, with exporters especially hard hit, on growing fears that a severe global downturn would depress corporate earnings further. Emerging markets were hit the hardest on foreign portfolio outflows.
Nifty stock index futures traded in Singapore were down 4.66 percent at 0319 GMT, indicating sharply lower open for local markets.
The 30-share BSE index dropped 4.8 percent to 10,169.90 on Wednesday after rising 7.1 percent in the previous two sessions.
The index hit its 2008 low of 9,911.32 on Oct. 17, and last traded below there in July 2006.
news from yahoo india website.
Good Evening Friends,
Thursday at Dow Jones it was crashing day. Dow Jones fall down and enter below 9000. Thursday down dow was reflected in Indian stock market. I just read news that sensex crashes 1,088 pts. I don’t know where this is going to stop? How invester going to survive in stock market?
The Bombay Stock Exchange (BSE) benchmark Sensex on Friday tumbled by nearly 10 per cent to 10,239.76 in opening trade.
The 30-share index, which had nearly lost 1,730 points in the past five straight sessions, plunged by 1,088.60 points, or 9.8 percent, little away from hitting the lower level circuit of 10 per cent, fixed by authorities.
The National Stock Exchange (NSE) index Nifty moved down by 314.70 points, or 9 per cent to 3,198.95 with all the heavy-weight stocks trading in negative zone.
Infosys Technologies fell by Rs 54.35 at Rs 1,200 despite better quarterly earnings.
Besides, other losers were Reliance Industries, Reliance Infra, RCom, ICICI Bank, State Bank of India, Bharti Airtel, Satyam Computers, Tata Consultancy, Wipro, BHEL, Larsen and Toubro, Grasim Industries, HDFC Ltd and ACC.
News from yahoo India