Thursday, June 24, 2010

Stock markets crash worldwide !



The Sensex crashed 627 points on Black Monday and all indices crashed worldwide !

We had warned in our columns not to invest in the stock market. We are proved right, even though the market has perked up by 250 points today.

Realty, metals, energy, gas etc were the badly hit sectors yesterday. Realtex fell by 7.5% yesterday. Investors lost 2 lk crores in a single day. Metals, auto, oil, gas, Banking, FMCG etc fell by 4-6%. DLF fell by 8%, Hindalco 7%, Tata Steel, Tata Motors and Sterlite lost 6%.

Debilitated Jupiter is not good for either realty or stock markets.

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