Nishit's Weblog

Avalanche, Tsunami, Earthquake, Cyclone, Hurricane, Whirlpool...just to name a few...are 'attacking' the 'Markets' worldwide and the Indian Markets can never be left far behind, they can go 1 step further. Bettering the battering...as hearts and minds go shattering on our Indianized version of the Wall Street, aka the revered Dalal Street. It was 'khoon ki holi' (Indianized bloodbath) amidst the festivities of Diwali, wherein ideally people are out on a buying spree, not only shares and commodities, but also sweetmeats, apparels, appliances, jewellery, et al. The 'festival of lights' has certainly become lacklustre for most of the Indians as they cant go on a shopping spree that they are used to! Even though the Wall Street was the epicenter of the financial earthquake, the tremors were felt throughout the world. Presumably the Richter Scale, wouldn't have been in a position to measure the intensity of this 'quake', which will not only go bey...

Its bloodbath, mayhem and carnage once again as the benchmark BSE Sensex, headquartered in Mumbai, was battered yet again on October 17, 2008 and its been hammered for quite some time now. Seems it will have to be business as usual for the regular investors(day traders & deliver based), arbitragers, stock brokers, HNIs, fund managers et al as some people survive purely on the financial markets, more precisely the stock markets. Here the question is about survival as thriving seems a distant possibility taking into consideration the almost consistent downfall, the choppy and flat markets. Records show that it took 484 trading sessions for the Sensex to climb from 10,000 (on February 6, 2006) and touch an all time high of 21,207 (on January 8, 2008). However, it’s taken just 191 sessions to collapse to 10,000 and below! Furthermore it was Black Friday again on October 17…17 does ring alarm bells in our systems…May 17, 2005, days before the swearing in of the new Government, when the ...