Indian markets have lost 12% seconds after opening today. The trading has been halted for the time being by SEBI.
markets will re-open at 10.55 AM
This is the fourth instance that the market has hit 10% lower circuit, reports CNBC-TV18. The first time was during the Harshad Mehta scam in 1992, then in May 2004, when the NDA lost to the Congress and in October 2007, when the P-Note issue was on. The Sensex is down 25%, Nifty, down 28% and CNX Midcap is down 31% from its life-time highs.
2 comments:
What is ur suggestion on current market trend.?
- http://indstocks.blogspot.com
Accumulate shares of companies poviding good value and good history of returns if you have got money.
If your already leveraged, i don't see any major relief coming in this week.If you are able to hold out for 2 weeks .. you can expect a fairly good recovery.
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