01-22-2008, 12:03 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Investors lose Rs 6 trillion within minutes </b>
Tue, Jan 22 11:39 AM
Investors on Tuesday lost over Rs 6 trillion within minutes of opening of the Bombay Stock Exchange, which was immediately suspended for an hour after the 30-share barometer index, Sensex, hit the circuit limit of 10 per cent.
This loss of Rs 6,54,887.85 crore comes on top of over Rs 11 trillion loss suffered by investors on the Dalal Street in the last six days.
"Small investors should stay away from the markets as of now. Let the market normalise and the volatility reduce," said domestic brokerage firm SMC Global Vice President Rajesh Jain.
"Better to out when in doubt" he said, adding that there is too much of panic in the markets and it is better to stay away from it.
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Tue, Jan 22 11:39 AM
Investors on Tuesday lost over Rs 6 trillion within minutes of opening of the Bombay Stock Exchange, which was immediately suspended for an hour after the 30-share barometer index, Sensex, hit the circuit limit of 10 per cent.
This loss of Rs 6,54,887.85 crore comes on top of over Rs 11 trillion loss suffered by investors on the Dalal Street in the last six days.
"Small investors should stay away from the markets as of now. Let the market normalise and the volatility reduce," said domestic brokerage firm SMC Global Vice President Rajesh Jain.
"Better to out when in doubt" he said, adding that there is too much of panic in the markets and it is better to stay away from it.
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