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Mkts trim losses, settle 191 pts down

Mumbai, October 27:: Weighed under selling pressure from funds, Bombay Stock Exchange benchmark Sensex on Monday went on a roller-coster ride yet again, falling over 1,000 points to breach the crucial 8,000 level in intra-day trading, but later recovered some losses on renewed buying. In a choppy trade, the 30-shar ....Read more

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Stop the crisisBy: vicky | Monday , 27 Oct '08 20:22:08 PM Reply | Forward Realy shamfull to see indian economy in this condition.What the hell the government all about if all things are gone be decied by the international markets.I understand the markets are intervevbed like webs but can't really governament of india do anything to appriciate the ruppee and give some boost to economy or we gona just pray to the world markets.If china can manage to stablize its enonomy i just want to ask Mr.( with all this repute to understand the economy, more than anyother in this world for the time bieng) can't india repeat the same.Mr. pm you got the repute and all know's you are the one in this world who is best poised to understand the situation better than any pm on this earth right now.Just do something.

Why is this happeming?By: K.R.S.Reddy | Monday , 27 Oct '08 18:15:55 PM Reply | Forward We are not able to make meaning out of the market tumbling.Will FE EXPlin please.

A financial black-hole all set to trigger a global financial tsunami.By: Fareeda Rehman | Tuesday , 28 Oct '08 10:13:59 AM Reply | Forward Lets leave FE to fetch information, and engage ourselves in analysis. There are two aspects to this present crisis - the first part on how it started and the second part on how is it showing up this way. The first part has got only historical value - expert people will dig it out in due course and give various interpretations to it from which we could build our own view. The second part is important, because it will inform us about the current processes and we can deduce where this will take us (and the exchanges) to. The first episode has created a great hole in the financial market system - lets leave out the nitty-gritties - which governments feel can be rectified by pumping in additional money. This has not worked so far, which is evident from corporates shedding jobs, losing out on margins etc. This is the ripple-effect that our (erstwhile neoliberal champion, now its critic - an opportunist ? No I will not say that - will leave it others imagination) PM is explaining. It makes a dent in all the spheres of commercial activities that were integrated to this financial system - virtually the entire world - save tribal outlets of Nicobar islands. Once this event has started, it sets off a chain reaction which also cascades in every possible direction with which linkages have been built. Very soon, you have a powerful Tsunami like situation emerging. Its a global crisis - a real substantial one (not a jokular projection by our representatives or experts - they are very care-less but self-aware people), which will engulf the entire financial spectrum of human activities and speculation. Certain corporate houses have started sensing it - in fact, they are not trained to analyse them - but the risk appears to them like hallucinations - from where they take remedial positions. I will stop right here, because, I am too scared of imagining its future shape. Best wishes and take care - all those around you. All what can be said concretely is that the only cause for cheer, would be the possibility of a complete expose on our cognition of economics and its dogmatic appeal.

UPA trapped India in MayajalBy: Bharat | Monday , 27 Oct '08 16:54:57 PM Reply | Forward It is the policies of UPA government that trapped 'Aam Admi' in the 'Mayajal'. The common man suffers but who cares? The UPA government of goons, for goons and against common man. Do you still need any further evidence? The national life of common man has been hurt in every sphere of activity, be it politics (MPs are on sale like vegetables), economics (plunging rupee value and uncontrokllable trashed stock market) and culture (social unrest throughout India and environment of terror). Save yourself from this tyranny !

Share Market crashBy: Rajaram | Monday , 27 Oct '08 15:16:23 PM Reply | Forward Even with Rs 1000 valvue of Reliance Industries per share, the present dividend declared by by the company (130%) works out to a meagre returns. Don't you thick that the present crash of the market is realistic about the returns given by the companies in the form of dividents ? The share market is a gambling place and gamblers cannot win always.

Enjoy life without buying unwanted services.By: Anna Karenina | Monday , 27 Oct '08 15:46:12 PM Reply | Forward People should continue to just stare at advertisements (searching for missing clues - especially when an MD of a company comes to show a product), and continue to hold on with their petty reserves in hand without falling tempted to buy any unwanted product and service from the market. Let us also see where this leads to.

Stock market MayaBy: Anand | Monday , 27 Oct '08 13:55:33 PM Reply | Forward The present financial market crisis is a natures way of teaching the Greedy,never say die and day dreamers that there is always an end .It is a mad rush for money which prompted people to try with stock market luck and the results is as clear as day light.Indians forgot the age old wisdom and teaching of our sages in their pursuit of money.It is mind boggling to see that the BSE index which was racing towards 30 K is back to where it starts.Literally there was a total scramble for some blue chip scrips like DLF,ICICI,Reliance etc and the meteoric rise has made lot of millionaires overnight and Indian economy pundits shouting from the roof top as if India is invisible.Now all those slogans has to be kept in cold storage .Mr.Chidambaram and his economic advisors can go to Himalayas for a long sojourn when the victims of their adventurism has to start from the scratches to make both end meet.Natures way is truely fascinating.

Below this sensex summit, lie an active volcano - its about to erupt.By: Anna Karenina | Monday , 27 Oct '08 9:53:20 AM Reply | Forward Ordinary people who have no idea as to what is going on, should pause, take a deep breath, and get out of this end-game with whatever can be salvaged. The moves and counter-moves that are going to take place in these trading centres are beyond our simple cognition. At the end of this game, it will be all pure papers around - just those paper-pulp waste - and the end game is fast approaching. The time now is to think on devising alternate ways of living together, and not dreaming of pushing others down and rejoicing being at the top - its no more a cool top - its tip of an active volcano - the more higher you are, the more will be your risk and more miserable will be your life. Words of wisdom are hard to come by, just get away.

Fight to Survive.By: sbala | Monday , 27 Oct '08 12:51:48 PM Reply | Forward The way to Hell is paved with the good intentions of friends - this quote sums up all. Do you worry about the value of your house on a daily basis? Shares are assets and their notional prices will fluctuate. If they move on the basis of mathematical calculations, there will be no stock market. It is a part of the deadly game. The fittest survive. Getting out is not a solution. Find out how to survive.

Markets need to rest in peace.By: Fareeda Rehman | Monday , 27 Oct '08 11:34:10 AM Reply | Forward Anna, you are right. Your words reflect wisdom that evaded human scrutiny for long. Most of the financial gains that reflected on these exchanges were virtual, it never existed, all that existed was a guarantee of returns, when it exchanged the rights over such assets(shares). Most of the world's people have realised this and that is precisely why the markets are coming down to mother earth. To me, it appears as if they want to rest in peace.

These Markets are virtual and keep them virtual By: Kumar | Monday , 27 Oct '08 12:43:43 PM Reply | Forward All along every one new that this is virtual adn i cannot understand now why is all the govt running in to save this gambling arena, just stay away as u did when they were growing and making this virtual money . Do not run in with physical aid to rescue a virtual collapes. People will and should understand that by experince only then its called a fair game now if govt or RBI puts in, its just like helping the looters. PEOPLE WHO PLAYED AND GAINED SHOULD PLAY AND LOSE ALSO that the spirit

Economics is now a dogma, no longer a discipline.By: Nisha Balakrishnan | Monday , 27 Oct '08 13:16:10 PM Reply | Forward If the entire world believes that this is a virtual game, and that there is nothing real here, then the discipline should be discarded - because its theories no longer hold. If economists continue to hold on to such virtual theories, then they are simply chasing a dogma. When none other than an ex-World Bank official like our PM declares it as casino capitalism, why is it still being held dear to the hearts of economic experts or financial analysts.

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