The foreign financial institutions sold Rs. 4000 crores of stock taking Sensex in a climatic reversal of 750 points
Preeti Singhani
Oct. 19, 2007

It was the foreign financial institutions that created the bubble in Indian stock market. Now they are in the mood of exodus. Sensex fell nearly 4 per cent today after an early rally to a record high. The foreign financial institutions sold Rs. 4000 crores of stock taking Sensex in a climatic reversal of 750 points. The reversal was spectacular.

The index ended the day at 17,998.39 points, down 717.43 points, or 3.83 per cent, after rising as much as 2.6 percent to 19,198.66.

According to analysts Sensex is showing all the signs of an imminent crash that can take the index down 30 to 40 % over a relatively short period of time.

The foreign financial institutions sold Rs. 4000 crores of stock taking Sensex in a climatic reversal of 750 points
Preeti Singhani
It was the foreign financial institutions that created the bubble in Indian stock market. Now they are in the mood of exodus. Sensex fell nearly 4 per cent today after an early rally to a record high.
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Sensex down 717.43 points to close at 17,998.39 – foreign funds starts pulling out creating massive vacuum
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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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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
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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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