Mumbai, Friday, October 10, 2008: Indian market has plunged sharply in the opening trades on the back of a crash on Wall Street and the other Asian markets. All the 30 components of the Sensex are in the red with index heavyweights like Reliance Industries, Infosys, L&T and HDFC bank among the major laggards.
Today morning the BSE 30-share Sensex plunged 1067 points at 10,241 and the NSE Nifty declined 306 points at 3,207.
- By KOL News , Written on October 10, 2008
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It was bound to happen. No matter how much we talk about we being self-dependent and all, the fact will remain same..our economy is too much affected by external factors…hope sensex stop crashing now(that dont seems to happen in upcoming time)
When the Sensex crossed 21K our finance minister said our economy was strong.. When sensex become 18..15..14 and 12K he repeated the same. When the sensex touched below 11k he again repeated the same. Our stock market is over regulated for common Indian and not regulated for FI’s. FI’s are fooling us. Mr. Chidambaram’s econmy is just like a baloon. If you pump more air it will blast into smitherenes…