The ‘BOTTOM’ is an important landmark in a downward stock market. In the current period it is a commodity as sought after as hope or confidence. It is important because it indicates the lowest point that a stock market‘s index will hit. Once a bottom is reached there is no way but up for the index which also means that if you invest at the bottom, your money will have no way to go but up. The benchmark Sensex of the Indian stock market breached the 8,000 level and closed at the 8500 level for the first time in three years. While it is still difficult to say if we’ve hit the bottom, we can surely say we’re somewhere close to it. All hopes on the global financial crisis and markets. All the efforts from the major central banks of the world to bail out the current financial crisis is an appreciable move but cant garuntee the up move in stock markets. Indian stock markets is much dependable on FII's, as soon as they stop feeling the pain of redeemption pressures they will soon came back to India....................as they have no other choice.
Blog, for those who don't understand how to trade in stock markets, market terms & market jargon's. Visit this blog to update your knowledge on stock market & Economics of the World. Also add on your comments and upload your knowledge of finance on to it, even your stock tips are invited.
Thursday, October 30, 2008
DAY OF DIWALI 2008 - A SILVER LINING FOR THE INDIAN MARKETS
In one
single day many Indian investors have lost nearly half of their life's savings….and
there are no lucky ones left. Those who invested as early as January this year at the
peak of the Indian markets, when the BSE SENSEX was at 21,206 pts, these people
have seen the value of their investment disappear by a whopping 64 %. Many of them mostly retired
professionals had hoped to make money in the stock market and saw it as an investment instrument that would help
them through their old age. But young or old, everyone was a lot poorer by the
time the Bombay Stock Exchange (BSE SENSEX) touched its all-time low on the hot afternoon of 27-10-2008 at
7,697.39 pts and gave a close at 8,510 down by 191 points, and NIFTY touched low of 2005 at
2,252.75 points. The markets were opened on 28 Oct 2008 on the occasion of DIWALI
when the mahurat trading for SAMVAT 2065 began, On this day of 28 Oct 2008 the Diwali gave the markets a bust upwards to an opening of 528 points and closing at
498 points at 9,008. This is perhaps the only silver lining that gave a ray of
hope on an auspicious day of Diwali 2008.
I thought of sharing my learning experience with you guys...I want to make people understand that STOCK MARKETS are not just Gambling Den, Its an place whereby You can buy a fraction of great businesses, you too can be the owner of Larsen's, TISCO's, and INFY's, etc...The only thing one needs is true knowledge and ability to learn new trends and control ones emotions, And so I have decided to write this blog...I would be sharing some good company's views and investment rules as and When I come across such... As of now, market seems to me not making the bottom as of now, but still bears bullies the bull's of the market as of now...............
I thought of sharing my learning experience with you guys...I want to make people understand that STOCK MARKETS are not just Gambling Den, Its an place whereby You can buy a fraction of great businesses, you too can be the owner of Larsen's, TISCO's, and INFY's, etc...The only thing one needs is true knowledge and ability to learn new trends and control ones emotions, And so I have decided to write this blog...I would be sharing some good company's views and investment rules as and When I come across such... As of now, market seems to me not making the bottom as of now, but still bears bullies the bull's of the market as of now...............
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