Q.
Why SENSEX is diving to 16513.189 --- That is -551.96 points & -3.23% ......??????
How much low will it go ?
Asked by anantharaman,
22 Sep '11 02:17 pm
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Answers (5)
1.
Continuing its meltdown for the sixth day in a row, the BSE Sensex today closed 132 points down -recovering from an early loss of 560 points - as government assurances failed to fully beat back the contagion impact of debt crisis in the US and Europe.
In highly volatile trading, stock markets opened with huge losses but staged a smart recovery, wiping off all the losses by mid-day and moving into the positive territory.
However, they plunged back into the red.
After opening 472 points down this morning, the Sensex widened its loss to 558 points within minutes. Thereafter, it recovered more than 700 points from early morning lows and was trading with a gain of over 100 points at one point.
However, it soon moved back into the red zone with over 300-point loss and after partial recovery closed 132.27 points down at 16857.91 points -- lowest close since June 9, 2010.
Marketmen said that Finance Minister Pranab Mukherjee's assurance about strong fundamentals of Indian econom ...more
Answered by saranathan Narasimhan, 22 Sep '11 02:23 pm
In highly volatile trading, stock markets opened with huge losses but staged a smart recovery, wiping off all the losses by mid-day and moving into the positive territory.
However, they plunged back into the red.
After opening 472 points down this morning, the Sensex widened its loss to 558 points within minutes. Thereafter, it recovered more than 700 points from early morning lows and was trading with a gain of over 100 points at one point.
However, it soon moved back into the red zone with over 300-point loss and after partial recovery closed 132.27 points down at 16857.91 points -- lowest close since June 9, 2010.
Marketmen said that Finance Minister Pranab Mukherjee's assurance about strong fundamentals of Indian econom ...more
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Minimum 12000 inaround 12 months time. this is i am tellin g from muhurat sauda day because that day market made lower top.
Source: technical analyst.
Answered by kishor thackar, 23 Sep '11 12:43 pm
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At least till tomoroww and if the situation is not brought in control in europes and usa, the sensex might go down next week also dear sir
Answered by iqbal seth, 22 Sep '11 02:34 pm
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