Tuesday, March 04, 2008

Subprime Crisis hits Indian banks and ICICI Bank tumbles

ICICI Bank tumbled to 933, on news that she had lost $274 million, due to the subprime crisis in the US.

The market sentiment was weak and the market, when I write this, has fallen by 323 points to 16.3 K

We had warned readers about the machinations of Sixth Jupiter. He is tormenting India. Indian agri growth is down to 2.6. Mining is down to 3.4. Even GDP has fallen to 8.7 %

The Sensex has lost heavily, and in two days has lost 1200 points !

Exercise caution and prudence while investing !

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