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Markets bleed; close 1,071 pts down

Mumbai, October 24:: The stock market bled heavily as investors on Friday hammered banking, realty and oil and gas stocks, pushing the benchmark Sensex down by about 1,100 points to 8,701.07 points. The markets which opened weak had a free fall soon after the Reserve Bank unveiled its mid-term review of the annual   ....Read more

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12 Comments |
bubble was to burstBy: Maheep | Friday , 24 Oct '08 17:06:57 PM Reply | Forward You cannot expect the stocks to rise and rise.Those FIIs who invested huge amount of money were to make profit and withdraw money at some time.Thats what we saw in jan-aug and now to make the things worst the global meltdown has pushed it below 9000.So it will rise again,may be after few years,when people will forget the current crisis and will again start investing and bubble will again be created.Smartness is in making the profit before the bubble bursts and key factor here is not to be too greedy,keep some profit in mind and withdraw because stocks cannot rise and rise for ever
OH! What a fall my lord!Will recover ever!!!By: K.R.S.Reddy | Friday , 24 Oct '08 17:04:17 PM Reply | Forward Sensex NIFTY had a great fall and all the Subbu and Chidu men could not explain the fall despite all their support after all.What a fall my lord! Will it recover ever!!
Market BleedBy: Ameet | Friday , 24 Oct '08 16:32:17 PM Reply | Forward Please put more money in the hands of the people and not in the hands of the corporates.The joint funds in the hands of the people will be a substantial force to balance the market.All the current policies are motivated to putting funds in the hands of the corporates and these monies are going down the "black hole" which the corporates have created.The way to put more money in the pockets of the people is simple.Reduce service tax on consumables, reduce interest rates on EMI, reduce petrol/gas costs.Indians do not keep cash in the house.They will go out and invest.Remember the time our extenal balance was extremely low? The indians NRIs sent in monies as the interest rate was made attractive. Similar policies are needed now. PUT MORE MONEY IN THE POCKETS OF THE PEOPLE
Time for movies ...By: Anna Karenina | Friday , 24 Oct '08 14:40:30 PM Reply | Forward Cost of goods would be rock bottom when the stock markets hit the rock bottom - many products would be damn cheaper than what they are now. This is an occasion to rejoice - in another few months, all prices would come down - lets save whatever minimum we hold as cash - and live on bare minimum these months. Markets are never going to be the same again. In the weekend pls watch 'zeitgeist movie' - google search and you will get it - which predicted the scenario last year itself. I watched, was convinced, rescued my deposits immediately after that. Thank goodness, I and my family are alive. I will never ever invest again with Stock Markets.
Share marketBy: SUNIL BS | Friday , 24 Oct '08 13:38:02 PM Reply | Forward pls forward daily market update
Invest Now!By: IdeaWala | Friday , 24 Oct '08 13:30:02 PM Reply | Forward This is the right time to invest wisely. For example if you invest 15 lakhs now, the investment will get doubled or more in very few months. 200% Guarantee :)
Only humans can get greedyBy: Anon | Friday , 24 Oct '08 12:51:33 PM Reply | Forward Everyone has the right to have different view. Greed is reserved exclusively to human beings, and if one never experienced greed in himself or herself, we can conclude for sure that its a blatent lie or he! is animal. When one invest in companies (=stocks), of course with long term perspective, he is helping the business, generate employment and economy of the nation. These genuine people will make money in the long run eg. Warren Buffet, who spends his fortunes in philanthophy.
Accept truth as economics, not the other way aroundBy: Fareeda Rehman | Friday , 24 Oct '08 13:30:47 PM Reply | Forward And so does Bill Gates. Philanthropy is what they use cunningly to get more wider diffusion for their products and services, often, by the way of returns-to-their-so-called-humanitarian-projects. Its a bribe, when viewed from some other perspective. A sensible act can never become insensible, no matter from how many directions you view it. Here, for instance, you find people taking economics as truth, instead of accepting truth as economics. The discipline deserves a cruel and befitting burial - with curses from ordinary people as well as from those who pursued its details for personal enjoyment of its fruits.
Comments make no sense at allBy: B.Ganguly | Friday , 24 Oct '08 17:08:51 PM Reply | Forward The comments make no sense at all.Feels like an outburst of one emotionally charged. Why blame others for our follies?
Need we suffer more?By: Fareeda Rehman | Friday , 24 Oct '08 11:33:30 AM Reply | Forward Markets seldom bothered when noises were made against them for ignoring the views and opinions of a large section of ailing people, ordinary citizens of the world. People who stood by markets vouched for this kind of character, which lended more teeth to such ignorances. This situation had led to a black-hole of hopes amongst a majority of world citizens, human beings who were destined to live through a hopeless situation. While a few enjoyed fruits of a lately-morphed-into-dirty civilisation, and their representatives too falling behind the markets, greed became a universally acceptable philosophy for preaching and practise. Now greedy humans are getting a taste of their own greed and ignorance - the sad part of it that their offsprings and dependants who may not have been really that greedy are also becoming sufferers. Will it take more such instances for humanity to cause it to drop its greed and work towards common causes ? Or will it be the same way, if the situation is rescued ? Banking regulators are doing a right thing in ignoring the fall of markets - if assisted, the assistance also would vanish the same way - without leaving a trace and without giving a clue. Need we suffer more ....
Retreat friends from the dance-floor.By: Fareeda Rehman | Friday , 24 Oct '08 9:58:08 AM Reply | Forward If you were to believe ever again that markets are there to make you rich without putting much effort and feeding on others work, pause and think again. The losses that investors have suffered now are very very real and substantive. Where are those who advised you to invest and make money ? Are they still around ? Brokers always get a share of the transaction. They are hardly taking any risk, unless they put their money too there, which hardly would be the case. A lesson one should learn is never ever dream of gambling and enjoying when getting money by putting someone else to risk. Its never a fair and just method. If you have lost all your worth, do not lose heart. Most of the worlds' poor people are still worse off than what you are. People still live without caring too much for the future, without investing in future. Let future belong evenly to all humans. With this message, lets retreat from this floor which is full of rotten blood. Forever.
agree partiallyBy: Maheep | Friday , 24 Oct '08 17:25:02 PM Reply | Forward I agree with you but some people have made lots of money in stock market without putting much effort. The fact is modern stock markets have become( govt regulators have allowed them to become) more of gambling casino than being a place for selling and purchasing of shares by geniuine investors
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