IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
No one’s crying for you; so shore up
Living
and growing in an integrated and a more globalised economy has its own set of pros and cons, and this time, like every other time, we had to pay the price. Sensex slipped 600, while Nifty fell over 172 points on August 1, 2007. The Sensex as on August 7, 2007, stood at around 15,100 after its life time high of 15,868 and Nift y now fl ounders at 4,350 after kissing 4,640 ‘once upon a recent time’.So what was the gross hit like? The bourses witnessed their third scariest fall ever and investor wealth eroded by over Rs.1.82 lakh crore in terms of market capitalisation of 2,600 actively traded companies on BSE. Amit Saxena, CEO, Planman Financial, commented to B&E, “The fall can be purely attributed to US growth concerns and can be termed as a ‘technical fall’, nothing wrong with India as the growth story still remains intact.” Seshadri Bharathan, Director, Stock Broking, Dawnay Day AV Securities, gave his piece of advice too, “Customers should use this correction as a buying opportunity; good buying interest has been seen in capital goods, engineering & telecom stocks, which have corrected the most.”
If you lost, and want it ruthlessly from us now, the fact is that nobody’s crying for you. You wanted to take the risk and you got the short end of the stick. But the fact is that globally, it’s more profitable to invest in volatile markets moving in wide bands than in stable markets; as it’s easier to buy low and sell higher. Indian bourses strangely are showing such tendencies for some time now. So rejoice; and sow it again, guys!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Info, Visit Below....
The Sunday Indian - India's Greatest News weekly
IIPM Mumbai Parables - Stories that change life
IIPM International Student Exchange Programme
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
Time for Awards at IIPM
