Tag Archives: Stock Market

Indian Rupee Symbol

Indian Rupee gets a symbol. Congratulations 2 all Indian around world. India joined list of countries whose currencies have a unique identity.

Indian Rupee Symbol

Indian Rupee Symbol

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Sensex plunges below 8,000 mark for first time in three years

Indian stock markets crashed on Monday, with the benchmark Sensex plunging below the psychological 8,000 level in afternoon trading.

Tracking weak global trend, the benchmark Sensex lost over 750 points to hit an over three-year low of 7,939 in afternoon trade on fresh selling by funds.

At 12:52 p.m., the 30-share index, which fell by nearly 2,000 points in the past three sessions, slid by another 762.05 points or 8.76 percent at 7,939.02, a level last seen on November 2, 2005.

The wide-based National Stock Exchange’s Nifty also dipped below 2,400 points level and lost 255.50 points, or 9.89 percent, at 2328.50.

Selling pressure gathered momentum on the domestic stock markets largely due to meltdown in other Asian bourses, traders said.

Major losers, which pulled the Sensex down, were Grasim Industries, HDFC Ltd, State Bank of India, Larsen and Toubro, Tata Power and Wipro.

Bucking the trend, the country’s leading realty firm Unitech Ltd, which witnessed a free-fall in its share and plunged by over 51 percent on Friday, staged strong comeback after the company said it is seeking a probe by government and market regulator SEBI into its scrip’s fall.

DLF Ltd, country’s biggest realty developer company, also regained strength on emergence of low level buying and traded nearly three percent higher at Rs 213.90.

Meanwhile, Hong Kong’s Hang Seng index was down 5.17 percent, Nikkei shed 0.59 percent, while South Korean shares were down four percent in early trade. (ANI)

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Will Diwali bring Diwali @ Dalal Street?

Good Morning Friends,

How was weekend? It was exclent for me. I was at matar for free medical camp organize by manav parivar. My weekend was exclent. Y’day was the first day of 5 days Diwali festival. It was Dhanteras. I am going to write one full post on Dhanteras soon.

 

It’s Diwali all around. All are expecting something good at Dall Stree, the place were Bombay Stock exchange located. All eyes seem to be on Dalal Street that will open in a short while after two days and just a day before Diwali.

 

Friday saw one of the most devastating days in the history of the exchange. The Sensex sunk to the lowest level since November 2005, closing 11 per cent down.

 

There was panic and carnage in the world markets as well. The big question is whether the markets will see another day of mayhem.

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.

 

Dow falls through 9,000 and picks up speed

I was reading finance news and I just got shock with the news Dow Jones fall below 9000 level. Read the news I found on msnbc.

 

 

A runaway train of a sell-off turned the anniversary of the stock market peak into one of the darkest days in Wall Street history Thursday, driving the Dow Jones industrials down a breathtaking 679 points and deepening a financial crisis that has defied all efforts to stop it.

 

Stocks lost more than 7 percent, $872 billion of investments evaporated, and the Dow fell to 8,579. When the average crashed through the 9,000 level for the first time in five years in the final hour of trading, sellers had only begun to hit the gas pedal.

 

As bad as the day was, even worse was the cumulative effect of a historic run of declines: The Dow suffered a triple-digit loss for the sixth day in a row, a first, and the average dropped for the seventh day in a row, a losing streak not seen since 2002.

“Right now the market is just panicked,” said David Wyss, chief economist at Standard & Poor’s in New York. “Nobody wants to take on any risk. Everybody just wants to get their money and put it under the mattress.”

It all took place one year to the day after the Dow closed at its record high of 14,164. Since that day, frozen credit, record foreclosures, cascading job losses and outright fear have seized the market and sapped 39 percent of its value.

Paper losses for the year add up to an staggering $8.3 trillion, according to figures measured by the Dow Jones Wilshire 5000 Composite Index, which tracks 5,000 U.S.-based companies representing almost all stocks traded in America.

 news from msnbc

Investors world over lose $10 trillion so far

Good Evening friends, Finance is my field of interest and stock market is something I love to invest money. i read following news on web which is a bitter fact as on today. Investors from all over world had lost $10 trillion so far this year. The world stock market remains on down side majority time of the year. Read following news from Indian Express website.

In a tight bear hug since the beginning of this year, stock market investors across the world have lost more than 10 trillion dollars — an amount more than 10 times of the entire investor wealth in India.

All 52 equity markets of the world have suffered a loss of USD 10.5 trillion so far this year, leading rating agency and financial data provider Standard and Poor’s said on Friday.

The worldwide loss this year is 11.7 times of the total market valuation of all the listed companies in India, which currently stands at around 900 billion dollar. Indian stock market valuation has nearly halved so far this year.

Year-to-date, all 26 developed markets have lost ground while nearly all the 26 emerging markets have suffered loss. Jordan, was the only country that managed to return positive YTD returns (up 0.96 per cent).

“September was the worst month for emerging markets since August 1998,” Silverblatt said, as all the 52 markets were down during the month, resulting in a loss of USD 4.1 trillion loss in equity. In the third quarter all the 52 markets posted a loss of USD 5.8 trillion which amounted to a year-to-date loss of USD 10.5 trillion.

 

The fall was more severe in emerging markets, as they fell by 27.98 per cent, while developed markets lost 21.62 per cent during the third quarter of this year, according to Standard & Poors Senior Index Analyst Howard Silverblatt.

 

The US was down by 8.85 per cent, while Russia was off by 45.52 per cent. The Philippines was the only market that reported positive returns during the third quarter (0.04 per cent).

For September, emerging markets lost 18.76 per cent while developed markets fell 14.80 per cent. The US continued to perform better than other markets with a loss of 9.29 per cent during the month, Silverblatt said.

As per Standard & Poors Index Services, some of the stock markets that witnessed an erosion of over 50 per cent in their valuations so far this year include — Pakistan (52.18 per cent), India (50.34 per cent), Ireland (51.66 per cent) and Iceland (69.17 per cent).

Among the BRIC peers India suffered the maximum loss, while for Brazil it was the minimum. Brazil reported a loss of 31.09 per cent, Russia (46.85 per cent) and China (46.35 per cent).

Other major losers include — The United States (19.47 per cent), Japan (23.24 per cent), The United Kingdom (32.02 per cent), Germany (33.75 per cent) and France (30.32 per cent)….

news from indianexpress