Monday, January 21, 2008

INDIA STOCK MARKET TRADING HALTED INDIA NEWS HEADLINES STORY

INDIAN STOCK MARKET HALTED FOURTH TIME IN HISTORY INDIA NEWS HEADLINE STORY

INDIAN STOCK MARKET HALTED FOURTH TIME IN INDIAN HISTORY.


The 30-share barometer tumbled 2,029.05 points to 15,576.30 within minutes of start of trading. The 30-share barometer had on Monday lost 1,408 to 17,605.35 points on concerns regarding the US economy going into recession. Similarly, the wide-based National Stock Exchange index Nifty plunged 12.10 per cent or 639.30 points to 4,569.50.

INDIAN STOCK MARKET INVESTORS LOSE TRILLIONS

After a sharp fall in Sensex triggered a trading halt, market re-opened with Sensex recovering 750 points from day-low. The BSE resumed trading at 1055 hrs. Sensex on Tuesday tumbled by 2,029 points, or 11.53 per cent, leading to suspension of trading on the bourse for an hour.Nifty too recovered 200 points from day-low. According to norms, if the stock market witnesses a movement of 10 per cent on either side, the trading has to be suspended for an hour. Based on the closing level of 20,286.99 points on December 31, the circuit limit is 2,028 points.

INDIAN STOCK MARKET REGAINS LOSSES

Finance Minister has said he is hopeful "that there would be a new beginning for the markets at 1055 am".The Sensex has lost 25 per cent since January 10, when it hit its peak of 21,206.77 points. Nifty has come 28 per cent below its high of 6,357.10, reached on January 8. Hong Kong stocks opened down 5 per cent, amid turmoil across Asian markets as investors grow increasingly pessimistic about the US economy. Investors lose Trillions

HEAVY LOSSES IN DALAL STREET BOMBAY STOCK EXCHANGE

This loss of Rs 6,54,887.85 crore comes on top of over Rs 11 trillion loss suffered by investors on the Dalal Street in the last six days.Investors on Tuesday lost over Rs 6 trillion within minutes of opening of the Bombay Stock Exchange, which was immediately suspended for an hour after the 30-share barometer index, Sensex, hit the circuit limit of 10 per cent. "Better to out when in doubt" he said, adding that there is too much of panic in the markets and it is better to stay away from it. "Small investors should stay away from the markets as of now. Let the market normalise and the volatility reduce," said domestic brokerage firm SMC Global Vice President Rajesh Jain.

INDIAN SENSEX LOSES 5251.15 POINTS

The Sensex lost 5,251.15 points in last seven trading sessions including Tuesday's early morning trade till suspension, while investors' wealth -- measured in terms of cumulative market capitalisation of all the listed companies -- has declined by a whopping Rs 18,40,173.31 crore. As per information available on the Bombay Stock Exchange website, the total market capitalisation stood at Rs 59,53,525.87 crore at the end of yesterday's trading against Rs 71,38,810 crore before bourses began business last week on January 14.


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