Category Archives: Stock Market News

BSE Sensex seen falling to new lows for 2008

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.

Husband seeks divorce as wife loses Rs 30L in market

Good Evening Friends,

I just talk about sensex down and it’s effect on gujaratis. Being Gujarati me too have suffered a lot because of down stock market. I just read shocking news related with the stock market impact on individual life. Husband seeks divorce as wife loses Rs 30Lakh in market. Stock market leads a married life towards divorce. Read the complete news below which I read on Times of India site.

 

The bloodbath in the stock market has not only led people to lose everything, it has also exposed cracks in relationships. A woman in Ahmedabad is in distress after her husband is talking of deserting her as she lost over Rs 30 lakh in the market in recent times.

 

“I am a 34-year old housewife. I am married for the last ten years and have one daughter. In my free time, I have been trading online in stocks and earned quite a lot. But recently in this bearish trend, my stocks are not doing well and I have run into losses to the tune of Rs 12 lakh.”

 

“I suppose, everyone who is into stock-trading is sailing in the same boat. But my husband is not ready to take this fact. He says that he is not going to support this loss. In fact, when I was making money in the market, he was enjoying its fruits and now when I’m passing through a bad market phase, he has washed his hands off. He is also saying that he would prefer to divorce me than shoulder my losses. It is a question of patience but he does not seem to be supportive at all. Please guide me on what to do?”

 

This woman apparently poured her heart out on a website launched by city-based psychiatrist Dr Hansal Bhachech for free counselling, claimed to be the first of its kind in the country. She has sought help in this situation where she has not only lost money but is also struggling to keep her marriage.

 

“Many women who have taken to stocks are now facing twin problems – how to cut down their losses and cut flak from their respective families for losing their money,” says Dr Bhachech.

 

Sensex crashes 1,088 pts

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