World Markets Tumble

UAE market showed positive growth on thursday
ppl lost too much here,millions of dhms were on stake of many shaikh
hopefully the positive direction continue

The plunge that equity markets have taken is to do with the financial institutions in US. I read an article on how this subprime crisis started, and trust me, there is very little indian inc. can do. The RBI has cut the interest rates by 150 basis points, but my feeling is that this is gonna just give the temp relief, its a damage control act, so that there is more capital flowing into the market, and liquidity stays. ICICI is just a small fish, according to what i read, the worst is yet to come, so be ready for some more pain.

Thankfully I have nothing in the stock market

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Agnel's Signature:

The optimist proclaims that we live in the best of all possible worlds;
and the pessimist fears this is true

Here is a report of what your money would be worth today in the stock market:

If you had invested Rs.1 Lac in any of these stocks on Jan 08, when the sensex was at an all time high,near 21k,your 1LAC would now be worth:

Relance Infra : 25k
DLF : 26.8k
ICICI Bank : 34k
Tata Motors : 40k
L&T : 44k
RIL :54k
TCS : 55k
SBI : 56k
Wipro :57k



REL INFRA was 2,536 on Jan 8th.today, it is 638..
ICICI was 1,334 on Jan8th.Today it is 454..
DLF was 1151 on Jan 8th.Today it is 309...



Nice time to buy those large cap shares, while they are still so low.That is, if you have the guts to buy now(after all this turmoil.. ),and the markets dont tumble any further. Its really a golden chance for those who dare, to get those large cap shares for so less..
God save your money..

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Private Ryan's Signature:

I think i will prefer to buy them when they are on their way up now rather than fish in the waters now where we have no clue if the markets have bottomed out even.
It would be very foolish to put the money in now even in the big caps and the markets falling even further.

As it is i feel BSE will breach 10k for sure. Don't forget the elections are near also and its quite possible the leftists will emerge kingmakers along with "god forbid" Mayawati. All the turmoil we have seen is based just on international impact on India, we haven't even talked about what will happen with negative cues from the Indian economy. (Not that there are any right now, but i think there well could be some in future)

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Safin's Signature:

Have Fun, Take part in debates, Read jokes, Ogle at Celebs; Just follow the Rules!

“There is no pleasure in having nothing to do; the fun is having lots to do and not doing it.”

UAE market are somewhat gaining as the central bank reduced the interest rates
shaikh's are gaining confidence that they'll recover the losses within 2months

^Why on earth are you worried about the sheikhs re? Let them lose their money.

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Private Ryan's Signature: