Sensex down 717.43 points to close at 17,998.39 – foreign funds starts pulling out creating massive vacuum
Sheena Phadke
Oct. 18, 2007

Indian stock markets collapsed. The foreign institutional investors are pulling out in big numbers as Security Exchange Board of India (SEBI) imposes more restrictions on the speculative operations of these funds.

The carry trade game in India may be over, says some financial think tanks. India is well known for driving foreign investors out when they pose danger to the country or the mood swing of the people changes. This time it is no different.

Most blue chips except some of the IT firms posted big losses. RIL (Reliance) dropped close to 5%.

The vicious bear market has started after a fabulous blow off in Indian equities. Bear markets after such massive bubble bursts continiue for at least twenty years.

Sensex down 717.43 points to close at 17,998.39 – foreign funds starts pulling out creating massive vacuum
Sheena Phadke
The vicious bear market has started after a fabulous blow off in Indian equities. Bear markets after such massive bubble bursts continiue for at least twenty years.
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Australia refuses Uranium to India unless India agrees to sign the nuclear deal – India may not need Aussie Uranium
Ratan Dube
Australia is planning to refuse India Uranium unless Indian signs the nuke deal with America. Opposition Labor party in Australia is adamant to any sell of Uranium to India unless India is also a signatory to the Nuclear Proliferation Treaty (NPT).
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Indian Sensex swings a massive 20% in a single day
Shekar Karat
Sensex closed 336 points lower after the Finance Ministry assured the investment community that participatory note (PN) route is not banned but kind of tightened.
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Terrorists planning a 911-style attack on Dalal Street as Sensex nears the 20,000 mark – Indian security ready to jump into action
Shalini Mathur
The Mumbai stock exchange is vulnerable to terror attacks. As the benchmark Sensex approaches 20,000, it has become the symbol of Indian prestige just like the Twin Towers at World Trade Center was the America’s prestige.
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Chidambaram is wrong again – ‘the bottom line is not just growth – it is inflation controlled indigenous growth that spurs exports and curbs imports’
Kiran Chaube
Creating massive trade deficits and trying to cover the balance of payments with surplus from FDI form no large economic powers. The FDI is just an investment by the foreigners.
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Government decides to hold petrol and diesel prices to satisfy Left demands – starts looking at common minimum program
KIran Chaube
The Left parties are adamant about ‘no hike in petrol an diesel prices.’ The Government agreed to their demands. Now the Congress party is also looking the common minimum program.
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Sensex experiences 1,040 points from the days low and closes above 18K – the 6% rally on a single day exposed the matured bubble state
Babu Ghanta
Sensex took off and jumped 6% in a single day from the days low. The market looks filled with euphoria with Sensex above 18K. It is similar to what Nikkei (Japanese Stock index) saw in upper 40K in 1987-88.
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