Printable View
Hardly PC can do anything now. He shud hav taken action when the markets where rising like anything. Sensex raised 10000 to 13000 points (or 14000) in such a shorter time when other markets were not doin well. Had this been controlled at that time, these sudden falls woun't hav occured.
Has any1 watched Jaya News yesterday.
JJ was requesting PC to resign for not controlling markets properly. :lol: :lol: :lol:
Yashwant Sinha also blames PC for not having control over market. During NDA rule whenever market falls 200 or 300 points opposition used to demand Sinha's resignation. Now this is his turn.
When Harshad scam comes into light, sensex fell by 570 points to 3870.Quote:
Originally Posted by Nakeeran
Percentage wise its 12.77%. Thursday's fall of 826 points leads to 6.76% loss. I've given a link to 10 biggest falls of sensex. Of the first six biggest falls, four have happened in last one week.
http://in.rediff.com/money/2006/may/18spec.htm
Sensex Journey:
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 7, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 27, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006
The Sensex on April 20, 2006 crossed the magical figure of 12,000 and closed at a life-time peak of 12,040 points for the first time.
In June 2005 Sensex was at 7000 levels. In April it reached 12000. When markets rise like this , huge corrections which is happening now is inevitable.
if you have the time gokul please explain how the stock market functions.
I have zero knowledge about this and am eager to learn from you.
Well, I donno whether I can explain it clearly. But lemme try.Quote:
Originally Posted by rocketboy
Suppose a company wants to start a new project costing so many crores. They may not hav enough funds to start their project. So wat wil they do is they'll come to public for rising funds.
Consider this example. A company needs Rs.1 lakh for its project (I've given small figures just for eg). It may decide to go for public (through stock market) to rise funds. They wil then fix a value for their shares (I dont explain this much as it wil lead to further confusions) and issue to public.
So now the company wil hav necessary funds to do their project. Public who bought the company's share wil b shareholders. So when the company do well, its share value wil increase.
But now due to global effects, many factors influence share values.
Regarding stock markets, BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) r two main markets here. The company wud go to public thru BSE and / or NSE.
Sensex is based on how 30 important stocks in BSE moves. That is they select 30 important stocks in BSE and give a weightage to each of the stocks. The weighted average of these 30 stocks is sensex. Similarly 50 stocks in NSE is considered for Nifty.
I think I'm more confusing. I'll try to explain in simpler way when I've time or if I get any good link I'll post.
At the end of the day:
Indices Points +-Pt +-%
SENSEX 10,822.78 341.01 3.25
BSE100 5,574.23 192.01 3.57
BSE500 4,280.26 142.36 3.44
BSEPSU 5,497.90 217.83 4.13
BSEMIDCAP 5,103.05 147.71 2.98
BSESMLCAP 6,480.23 144.20 2.28
BSEBANKEX 5,000.67 116.27 2.38
Nifty - 3199.35 (up 3.83%)
:thumbsup: Bulls r back. Dont b surprised if the markets again reach new highs in a week.
Market looks decent compared to yesterday.But i havent bought anything during the correction :(
Maimed on Halal Street
It's only when the tide goes out that you discover who's been swimming naked: Warren Buffett
Though we can't say whether the tide is actually over or not, some funds have definitely lost their shirt (at least) in the recent fall.
Here's the list of five funds that were butchered on Dalal Street between May 10 and May 22, 2006:
Taurus Discovery Stock
Loss: 25.04%
That Taurus Discovery Stock has lost a quarter of its portfolio is hardly a surprise. With assets spread over select few stocks, the fund behaves more like a stock rather than a diversified equity fund. Till May 22 this year, the fund was down 10.49 per cent as against the category average return of 9.97 per cent. For investors, the fund is still to discover anything significant.
Canemerging Equities
Loss: 22.27%
A concentrated portfolio led by mid- and small-cap stocks has come in way of this fund's emergence as a credible option for equity funds' investors. With more than half of the assets allocated to only five stocks, this fund's fortunes are bound to see wild gyrations. Over 75 per cent exposure to mid- and small-cap stocks is not going to help either.
Magnum COMMA
Loss: 21.99%
Huge exposure to metal stocks has led this new fund down. However, in a short existence, Magnum COMMA has done well. The six month's trailing return of 28.32 per cent places the fund in the top quartile of the diversified equity funds' category. We hope it's not a fullstop for Magnum COMMA.
BOB Diversified
Loss: 21.70%
Another fund that seems to have paid a price for maintaining a concentrated portfolio. Launched in March last year, the fund has started its life as a laggard.
LICMF Equity
Loss: 21.50%
Tough to beat this fund's inconsistency. The recent bull run had made the fund's return look somewhat respectable on a standalone basis. But a 4.03 per cent annualised return since launch way back in February 1993 proves that the fund has regularly lost its shirt in tough times like these.