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Sensex posts biggest weekly fall in 2009

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    • Reuters Tags : sensex, nifty, BSE, NSE Posted: Friday , Jul 10, 2009 at 1714 hrs
    Sensex
    The 30-share BSE index fell 1.84 per cent, or 253.24 points, to 13,504.22.
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    In the broader market, losers outnumbered more than 2:1 on moderate volume of 333 million shares.

    The 50-share NSE index, or Nifty, closed down 1.9 per cent at 4,003.90 points.

    "The market will be volatile next week, and the Nifty can fall below 3,800," Gupta said.

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    BSE / NSE have become a CASINOBy: Dinesh | 10-Jul-2009 Reply | Forward There is a high deficit, the NPAs with the banks are on rise, The Re is getting depriciated, The Govt has failed to offer any immediate confidence building meassures, Inflation is negative - probably deflation, Ongoing financial liquidity crunch,rising umemployement, reduced spending, clear threath of drought and above all Global cues are not atall encouraging, all developed nations see no recovery for next 1 year, exports are declining, industrial production is declining and many other factors that show no immediate sign of recovery in 2009 - THEN WHY ARE BSE / NSE MARKETS HOLDING ON TO SUCH HIGH VALUATIONS - This is no way reflecting the real scenario on our Economy and Companies. Its better to bottom out and be stable for few months before we can justify such high valuations. Is It that Punters and FII's HOT CASH is the root cause of all market volatility - BSE / NSE has become like a CASINO - double or loose all your money in 2 days.
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