Indian Stock Market Down!!!

Discussion in 'General Chat' started by jimkarter, Oct 16, 2007.

  1. #1
    Indian stock market is down by 1500+ points and is on lower circuit..
    Its closed for next one hr..
    :(:(:confused:
     
    jimkarter, Oct 16, 2007 IP
  2. leede

    leede Guest

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    #2
    What made you feel confused is even more confusing for me.

    It rose 5000 pints in 39 days
     
    leede, Oct 16, 2007 IP
  3. harshakiran

    harshakiran Notable Member

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    #3
    yes i think its second time they closed session last it it was down 800 points

    hope will recover after this session


    Sensex was on high i was expecting correction but not this huge untill that dont go below 16800 mark we are safe (its just correction )


    harsha
     
    harshakiran, Oct 16, 2007 IP
  4. leede

    leede Guest

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    #4
    I am getting news even if it opens it would hit another 5% down circuit
     
    leede, Oct 16, 2007 IP
  5. jimkarter

    jimkarter Notable Member

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    #5
    It is recovering a little bit.. many energy and power are down drastically. These were the stocks which fired the up-going rally.
     
    jimkarter, Oct 16, 2007 IP
  6. saggi_guy

    saggi_guy Banned

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    #6
    i want it to be 1000 points lol .. so that i can put some money into it :D
     
    saggi_guy, Oct 17, 2007 IP
  7. leede

    leede Guest

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    #7
    i doubt ant it.I think later in the day it will fell again.

    If you buy then i have one stock which you can buy tata metaliks
     
    leede, Oct 17, 2007 IP
  8. leandar

    leandar Well-Known Member

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    #8
    if the stock market down dollar value too will be down ?

    edit>> i think no , because droller value was down when stock market high in india
     
    leandar, Oct 17, 2007 IP
  9. anandsoft

    anandsoft Guest

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    #9
    May be....mid term polls are coming?
     
    anandsoft, Oct 17, 2007 IP
  10. jimkarter

    jimkarter Notable Member

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    #10
    Dollar is recovering against INR today.. Its up by around 1%
     
    jimkarter, Oct 17, 2007 IP
  11. frank.net

    frank.net Guest

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    #11
    Only 300 points down

    Smart recovery for the sensex
     
    frank.net, Oct 17, 2007 IP
  12. jimkarter

    jimkarter Notable Member

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    #12
    Ya.. so did anybody could make out any money out of it.
    I did on Hindalco, RPL and Tata Power.
    Hindalco came back strongly and ROL and Tata Power will be back up soon, I am sure. :D
     
    jimkarter, Oct 17, 2007 IP
  13. pubdomainshost.com

    pubdomainshost.com Peon

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    #13
    Thanks for a small anouncement .. markets were LED to crash... sighs.. .politicians ..
     
    pubdomainshost.com, Oct 17, 2007 IP
  14. arpitagarwal82

    arpitagarwal82 Notable Member

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    #14
    Will it effect the $ to INR conversion rate?
    right now xoom is offering 38.0xx Rs for a $. I am loosing money because of it...

    Sorry to say but that is all what I care.
     
    arpitagarwal82, Oct 17, 2007 IP
  15. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #15
    Hey jim yesterday i have redeemed few of my investments from Mutual Funds (as gaining good enough). What do you say about that :confused: Is that my right decesion or i have to wait few more days ?
     
    deluxdon, Oct 17, 2007 IP
  16. jimkarter

    jimkarter Notable Member

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    #16
    But the results says that market is getting more and more mature. Even FM could not do much harm ;)

    Yesterday, the Bank-to-Bank dollar to rupee rate was around 39.21 and today it is around 39.71 around 1% higher.

    Sorry. I am not a very good financial adviser. And these days even advisers are asking to take precautions and booking partial profits. But market is beating them all.:D
     
    jimkarter, Oct 17, 2007 IP
    arpitagarwal82 likes this.
  17. arpitagarwal82

    arpitagarwal82 Notable Member

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    #17
    Just checked with xoom.
    Exchange Rate: US$ 1.00 = Rs. 38.1663

    Seems like things are getting better.:p
     
    arpitagarwal82, Oct 17, 2007 IP
  18. harshakiran

    harshakiran Notable Member

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    #18
    recovered now
     
    harshakiran, Oct 17, 2007 IP
  19. jimkarter

    jimkarter Notable Member

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    #19
    That will always be atleast Re. 1 lower than actual rate.
     
    jimkarter, Oct 17, 2007 IP
  20. kollam003

    kollam003 Well-Known Member

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    #20
    kollam003, Dec 14, 2007 IP