Monday, January 21, 2008

$166 Billion of Market Cap washed away !

While Reliance Power IPO collected close to 200 billion dollars, next day the market wiped out 166 billion market cap.

Mukesh Ambani became poorer by 32,000 crores and his brother by 14000 crores. Sunil Mittal of Bharti lost 6000 crores !

We had warned in our blogs, sites and lenses about the adverse nature of Jupiter's Sixth transit. We had advocated the investors to switch over to Real Estate, as we felt that the market was overheated. We had, from our 20 year's experience, known that Bull market ends in big tears !

This is the biggest fall ever for the Sensex, well over 1400 points. The PM and the FM point out that Indian economy is fundamentally strong and that the market fell on fears of recession in US market !

But who can know how Fate through the planets operates !

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