10-17-2007, 11:27 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Markets hit down circuit, Sensex crashes 1700 pts, Nifty down 500Â </b>
In what seems to be another Black Wednesday in the making, Indiaâs stock markets crashed heavily at opening on Wednesday. The Bombay Stock Exchangeâs Sensex crashed more than 1700 points, while the National Stock Exchange`s Nifty was down more than 500 points. In a move to curb the down circuit, trading has been suspended for one hour.Â
<!--QuoteEnd--><!--QuoteEEnd-->
<b> Rupee falls 1 pct on proposed stock curbs
Wednesday October 17, 09:40 AM
India proposes curbs on foreign inflows to shares - Reuters</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Â Atlast the bubble has burst. So, who was responsible for the crash and who benefitted from it?
1. Market manipulators allowing the index to reach the dizzy heights only to cash on it later?
2. FIIs who wants to make some fast buck in crores and thus taking the Indian stock exchange for a ride?
3. Politicians involved in huge buying and selling of shares?
4. Terrorists organizations which are cash crunched found a new route to make quick money in crores of ruppes?
I think everyone is a party to it and a market crash of this magnititue can happen only in India with no stringent norms in place. How good are our SEBI, RBI and our esteem FM to prevent this reoccurrence? None. India is run by stooges.
Did anyone give a thought about thousands of small time investors from the middle class family and what would have happened to their money due to this crash? Who cares is the attitude of our politicans. India will not change and it will be continued to be harassed.
( Posted: Wednesday, October 17, 2007 at 11:14 )Â Â Â Â
RAJESHÂ THERE IS A BUZZ IN MARKET THAT POLITICIANS ARE MANIPULATING SHARE MARKET (ESPECIALLY THE CONGRESS PARTY)..CAN ANY MEDIA DO A DETAILED INTROSPECTION...
( Posted: Wednesday, October 17, 2007 at 11:12 )Â Â Â Â
girindra buch SHARE MARKET HAVE GONE TO CIRCUIT CLOSED OR MAYHEM ALMOST 3 TIMES DURING UPA GOVT RULE..THIS IS HOW IT SHOWS THE THAT THE BEST ECONOMIC / FINANCIAL PEOPLE IN INDIA ARE NOT ABLE TO DELIVER WHEN ITS REQUIRED...PRIME MINISTER, FINANCE MINISTER, PLANNING COMMISSION SHOULD ALL RESIGN...SMALL INVESTORS ARE ALWAYS BUTHCHERED....WITHOUT MERCY....Â
<!--QuoteEnd--><!--QuoteEEnd-->
In what seems to be another Black Wednesday in the making, Indiaâs stock markets crashed heavily at opening on Wednesday. The Bombay Stock Exchangeâs Sensex crashed more than 1700 points, while the National Stock Exchange`s Nifty was down more than 500 points. In a move to curb the down circuit, trading has been suspended for one hour.Â
<!--QuoteEnd--><!--QuoteEEnd-->
<b> Rupee falls 1 pct on proposed stock curbs
Wednesday October 17, 09:40 AM
India proposes curbs on foreign inflows to shares - Reuters</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Â Atlast the bubble has burst. So, who was responsible for the crash and who benefitted from it?
1. Market manipulators allowing the index to reach the dizzy heights only to cash on it later?
2. FIIs who wants to make some fast buck in crores and thus taking the Indian stock exchange for a ride?
3. Politicians involved in huge buying and selling of shares?
4. Terrorists organizations which are cash crunched found a new route to make quick money in crores of ruppes?
I think everyone is a party to it and a market crash of this magnititue can happen only in India with no stringent norms in place. How good are our SEBI, RBI and our esteem FM to prevent this reoccurrence? None. India is run by stooges.
Did anyone give a thought about thousands of small time investors from the middle class family and what would have happened to their money due to this crash? Who cares is the attitude of our politicans. India will not change and it will be continued to be harassed.
( Posted: Wednesday, October 17, 2007 at 11:14 )Â Â Â Â
RAJESHÂ THERE IS A BUZZ IN MARKET THAT POLITICIANS ARE MANIPULATING SHARE MARKET (ESPECIALLY THE CONGRESS PARTY)..CAN ANY MEDIA DO A DETAILED INTROSPECTION...
( Posted: Wednesday, October 17, 2007 at 11:12 )Â Â Â Â
girindra buch SHARE MARKET HAVE GONE TO CIRCUIT CLOSED OR MAYHEM ALMOST 3 TIMES DURING UPA GOVT RULE..THIS IS HOW IT SHOWS THE THAT THE BEST ECONOMIC / FINANCIAL PEOPLE IN INDIA ARE NOT ABLE TO DELIVER WHEN ITS REQUIRED...PRIME MINISTER, FINANCE MINISTER, PLANNING COMMISSION SHOULD ALL RESIGN...SMALL INVESTORS ARE ALWAYS BUTHCHERED....WITHOUT MERCY....Â
<!--QuoteEnd--><!--QuoteEEnd-->