Manic Monday in the Indian Stock Mkts!

 Markets are half a percent away from a 10% fall for the NSE or National Stock Exchange which will go into circuits if it falls further to 15%, Sensex a mindboggling 1670 points at 2.47pm. It is indeed a record breaking Mkt meltdown – everything is down – 13 in green 1211 in decline, Midcaps down 13% Realty has crashed , Power stocks have crashed, Reliance has crashed, Infosys has crashed down to 14 times next yr earnings, Sbi has also cashed.

Irrational? Crazy? Madness?

Well this is a reality picture of the Indian stock markets for u……chk out the market map

Looks like it is also the beginning of the end of the party for the IPO markets. My worst fears of a big mkt fall just a week ago have come true…

Advertisements

3 thoughts on “Manic Monday in the Indian Stock Mkts!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s