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I'm investing in Stock market through mutual funds systematic investment plan. Thereby I do not invest any bulk amount. I invest around 5000Rs every month. When markets fall I'll have more units of funds. When markets rise, i'll hav less units of fund allocated each month. So by Systematic investment plan u can gain even when markets fall or rise.
Am I more confusing? :?
Yes, the market was raising without paying heed to things happening around... crude price rise, interest rate hike globally etc etc... Good that the correction occured... U can find many value stocks now... :)Quote:
Originally Posted by great
I guess this concept is called as Rupee cost averaging.Quote:
Originally Posted by sgokulprathap
With this change you would be benefitted as you are getting more units and defn once the share price picks up you can cash it for better price
Stay invested: FM to retail investors
Last Updated: May 22, 2006 13:58 IST
Finance Minister P Chidambaram said banks will provide liquidity to brokers/traders to meet all margin calls.
He also asked retail investors to stay invested in the market and not panic as the fundamentals were strong and the market will recover soon.
The finance minister also said that today's crash was expected after what happened last week.
The finance ministry, Securities and Exchange Board of India, Reserve Bank of India and Bombay Stock Exchange authorities were virtually on hotline to assess the situation and minimise the damage.
"There was certain nervousness in the market. My message to retail investors is to stay invested. FIIs are here to stay. There is no reason to panic... banks will provide money to those who want to provide margin calls," Chidambaram said.
"The system is in place and whatever has to be done has been done. My information is that brokers operating on proprietary accounts were under margin pressure, so they were selling.
"But Mutual Funds are buying and even FIIs have bought today."
He said the economy was strong and so was the business confidence index.
Reacting on the stock market crash, Minister of Company Affairs Prem Chand Gupta sought to soothe sentiments, saying there was no cause for panic.
"Economic indicators are strong and ups and downs are parts of any system," he said.
He, however, advised retail investors to invest carefully.
CPI (M) leader Abani Roy demanded a probe and urged the government to spell out the reasons for this unprecedented fall.
He went on to add that while the government took credit when the markets went up, it was quick to blame "international pressures" when the markets hit a spiral.
Additional inputs: PTI
Exactly :DQuote:
Originally Posted by great
The 10 biggest falls in Sensex history (excluding todays):
1. May 18, 2006: The Sensex registered a fall of 826 points (6.76 per cent) to close at 11,391, it's biggest ever, following heavy selling by FIIs, retail investors and a weakness in global markets.
2. April 28, 1992: The Sensex registered a fall of 570 points (12.77 per cent) to close at 3,870, it's second-largest, following the coming to light of the Harshad Mehta securities scam.
3. May 17, 2004: Another Monday. Sensex dropped by 565 points, its third biggest fall ever, to close at 4,505. With the NDA out of power and the Left parties, part of the UPA coalition government, flexing their muscle, the Sensex witnessed its second-biggest intra-day fall of 842 points, twice attracting suspension of trading. At close, however, it regained some of its lost ground.
4. May 15, 2006: The market fell by 463 points to 11,822 points.
5. April 4, 2000: Sensex slumped by 361 points to 4,691.
6. May 12, 1992: Indian stock markets plunged 334 points to fall to 3,086.
7. May 14, 2004: Sensex lost 330 points to fall to 5,070.
8. May 6, 1992: Losing 327 points, the Sensex fell to 3,561 points.
9. April 12, 2006: Sensex loses at 11,356 points, having lost 306 points..
10. March 31, 1997: Indian stocks sink, with the Sensex losing 303 points to 3,361.
wipro -36
tcs -49.70
infosys -124.60
satyam -22.25
infosys down by 124.60 rs :shock:
I think this is cool!!Quote:
Originally Posted by sgokulprathap
gr8, actually in IIT symposium they had stock market simulation as a competition. teams had to build softwares that predict and invest accordingly in markets.
Banking sector:
Banking
Name Index Current Change
Price (Rs) (Rs)
ALLAHABAD BANK BSE 79 -4.1
ALLAHABAD BANK NSE 78.5 -4.9
ANDHRA BANK NSE 68.05 -3.8
ANDHRA BANK LTD BSE 67.75 -3.9
BANK OF BARODA BSE 227.1 -9.65
BANK OF BARODA NSE 228.5 -8.1
BANK OF INDIA BSE 120 -9.55
BANK OF INDIA NSE 120 -8.4
BANK OF MAHARASHTRA BSE 24.15 -2.55
BANK OF MAHARASHTRA NSE 24.5 -2.15
BANKEX BSE BSE 4,841.17 -167.55
CANARA BANK BSE 207 -16.05
CANARA BANK NSE 207 -15.15
CORPORATION BANK BSE 273.25 -37.7
CORPORATION BANK NSE 270 -39.25
DENA BANK BSE 32 -2.8
DENA BANK NSE 31.85 -3.35
FEDERAL BANK LIMITED BSE 188 -20.35
FEDERAL BANK LIMITED NSE 187 -10.75
HDFC BANK LIMITED BSE 780.05 -33.45
HDFC BANK LIMITED NSE 785.95 -23.7
ICICI BANK LTD BSE 540 -16.85
ICICI BANK LTD NSE 539.5 -15.95
INDIAN OVERSEAS BANK BSE 74.5 -1
INDIAN OVERSEAS BANK NSE 74 -1.25
INDUSIND BANK LIMITED BSE 44.65 -4.2
INDUSIND BANK LIMITED NSE 43.8 -4.85
ING VYSYA BANK LIMITED BSE 124 -7.65
ING VYSYA BANK LIMITED NSE 124.5 -8.2
JAMMU & KASHMIR BANK LTD BSE 338 -32.6
JAMMU & KASHMIR BANK LTD NSE 345.45 -28.15
KARNATAKA BANK LIMITED NSE 83 -10.05
KARNATAKA BANK LTD BSE 82.9 -11.15
KARUR VYSYA BANK LTD BSE 580 -23.65
KARUR VYSYA BANK LTD NSE 588.9 -12.4
KOTAK MAHINDRA BANK LTD BSE 293 -26.4
KOTAK MAHINDRA BANK LTD NSE 290.25 -35.2
LAKSHMI VILAS BANK LTD NSE 92 -9.75
ORIENTAL BANK OF COMMERCE BSE 206.5 -13.3
ORIENTAL BANK OF COMMERCE NSE 204 -14.75
PUNJAB NATIONAL BANK BSE 424.95 0.1
PUNJAB NATIONAL BANK NSE 425 0.6
SOUTH INDIA BANK LIMITED NSE 62 -1.85
SOUTH INDIAN BANK LIMITED BSE 60.4 -3.3
STATE BANK OF INDIA BSE 858 -10
STATE BANK OF INDIA NSE 860.8 -8.3
SYNDICATE BANK BSE 67.2 -6.35
SYNDICATE BANK NSE 67.2 -6.4
UCO BANK LTD BSE 22.85 -1.25
UCO BANK LTD NSE 22.5 -1.65
UNION BANK OF INDIA BSE 105 -4.95
UNION BANK OF INDIA NSE 105 -4.95
UTI BANK LIMITED BSE 319.65 -5.4
UTI BANK LIMITED NSE 317.45 -6.3
VIJAYA BANK/INDIA BSE 38.5 -3.95
VIJAYA BANK/INDIA NSE 36.85 -5.5
YES BANK LTD BSE 91 -4.85
YES BANK LTD NSE 90.05 -6
Hmm..
I think it's bit late ..i was about to open a thread on this..but seeing alreadya thread running to 2 pages.
namma hubla ellarum romba surusuruppu... :)