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Stocks in India down 9.75% in early Tuesday trading

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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:52 PM
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Stocks in India down 9.75% in early Tuesday trading
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:55 PM
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1. Investors lose over $300 bn in six days (India)
Source: Economic Times India

21 Jan, 2008, 1742 hrs IST, PTI

MUMBAI: Investors on Dalal Street have lost over $300 billion (Rs 11,85,285 crore) in the last six days with more than half of the loss coming from Monday's fall of the benchmark index Sensex - its biggest ever.

The 30-share index Sensex today witnessed a fall of 1,400 points, tumbling below the 18,000-point to close at 17,605.35. The huge drop in the index was led by blue chip heavyweights - Reliance Energy, ACC, Bajaj Auto, DLF and Reliance Industries.

The Sensex has lost 3,222.1 points in last six trading sessions, while investors' wealth - measured in terms of cumulative market capitalisation of all the listed companies - has declined by Rs 11,85,285.46 crore.

The total market capitalisation stood at Rs 59,53,525.87 crore at the end of today's trading against Rs 71,38,810 crore before bourses began business last week on January 14.


http://economictimes.indiatimes.com/Investors_lose_over_300_bn_in_six_days/articleshow/2718488.cms
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Neshanic Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:12 AM
Response to Reply #1
5. I read on another site that Ben could lower interest rates before the opening. Can he do that?
Is that in the realm of possibility?
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 11:59 PM
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2. yep, and tomorrow's meltdown day here in the u.s.
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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:09 AM
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3. NIFTY index down 12.10%
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tuckessee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:11 AM
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4. They stopped falling. Trading Suspended for an hour!
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nonconformist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:12 AM
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6. Egads. Buckle up for Black Tuesday!
It's going to be a hell of a ride.
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:15 AM
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7. USA USA USA!
:headbang:
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ShaneGR Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:16 AM
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8. Black Tuesday Incoming
Could get ugly.
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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:19 AM
Response to Reply #8
9. We'll see in a few hours
When Frankfurt and London open, we'll get a clearer picture of what's in store for the NYSE.
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tuckessee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 12:20 AM
Response to Reply #9
10. What time do they open? n/t
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jordi_fanclub Donating Member (388 posts) Send PM | Profile | Ignore Tue Jan-22-08 12:55 AM
Response to Reply #10
11. Europe starts in 2-1/2 hours (3:30am EST) n/t
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