Global Markets Tumble and Sensex into its 2008 Lows.

Blood Bath is Happening at Dalal Street as Sensex has entered into below 12K levels. Today Sensex closed at 11846 which is almost 50% reduction from 21000 during Jan 2008. :o

Global Markets in 2008 has disappointed a lot of investors and FIIs and have trashed the predictions,opinions and made almost all companies rethink of their strategies and market plans. :( :(




These are painful & head scratching times for all investors across the globe, where one can just watch their portfolios 'in the red' and can't do much.

These are also times where investors should be more patient and look for averaging out the stocks they have got.

The IT Sector and Metals sector are taking a pounding in India because of Global cues. Although many Predicted that Signing of N-Deal will help india and the
power sector stocks will go up and so the markets, the other news of $700 Billion bail out package has not been received well by FIIs and the Investors.



Moneycontrol gives a lot of stats about the new lows and the european markets also tumbling because of US markets.

FIIs are also selling RIL in Large Numbers and the sell off in RIL will definitely hit the Sensex and Nifty as RIL is the No.1 Stock for India.

However,ONGC has shown some promising resistance from other stocks and maintains at 900-950 levels.



The 2:30 Factor as they say, the time in India at which the European Markets Opens is also proving disaster oflate. Since the European markets were also

opening with the decline, the Sensex goes down even further from the morning and ends at terrible levels.

Sun Outage time, which basically gives a break to Market times and which helped market boom a lot last year with kind of two openings daily, is also not happening this Year. If this Situation continues, with European Markets also shedding 4-5% every week, more banks and financial institutions are going to be Bankrupt.

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