Rs 7 Lakh Cr Wealth Assamed ..........

[Silver_mani]

Biggest Crash: Rs 7 lakh cr Wealth Wiped Out

 

 

In a biggest ever crash since 2009, the Bombay Stock Exchange Sensex slumped over 1,625 points on the Black Monday with nearly 5.94 per cent fall, ending at 25,741 points. The phenomenon continued as the National Stock Exchange index Nifty plunged 490.95 points to 7,809. The crash eroded Rs 7 lakh crore of investor wealth.

The crash led to the weakening of Rupee from 64 to 66.74 per dollar, with more than 4 percent depreciation since August 11th. However, the RBI Governor Raghuram Rajan maintains that India is better placed than its global counterparts. The country's Financial Minister Arun Jaitely said that inflation and deficit are very much under control.

The depreciation of Rupee will diminish he returns of foreign investors, which already resulted in the foreign funds selling off shares. The catalyst for the Black Monday was the rout in Chinese equities as the Shanghai shares ended 8.75% lower, the country's biggest single day percentage loss since 2007.

 

 

[AnandaVivek]

Anthe naa..ikkada antha kanna ekkuve poyindi!!!go with the flow

[errigaadu]

flow lo flow ayipovali ante

[errigaadu]

lekapote flow karab ayitadi

[rikki]

trust raghuram 

[SamosaChai]

[ronitreddy]

trust raghuram 

whos raghuram ?

[errigaadu]

[idiBeZaWaDa]

Add my share of 5 lakhs in it

[Silver_mani]

Add my share of 5 lakhs in it

Nijanga ?

[JANASENA]

:3D_Smiles:

[idiBeZaWaDa]

Nijanga ?

[stockdazzler]

count my 20L

[Silver_mani]

yup

em shares konnav bro  ??? 

[Guest Khulfi_Raja]

Add my share of 5 lakhs in it

 

India lo kooda unnaya naayana neeku shares?

Ina panic lo ammesava? Avg chestava?