Monday was easily the worst day for the share market. Down by a whopping 1408 points by the end of the day’s trade, the Sensex fall on Monday dwarfed all the other falls ever in its history, as US market recession and margin call pressures from domestic investors took its toll on the markets.
The investors lost Rs 6,63,975.46 crore in just one trading day. Market capitalization of all the companies listed on the BSE was Rs 66,17,501.33 crore as on January 18 closing and Rs 59,53,525.87 crore on January 21 closing.
Way back in 1992, the Harshad Mehta securities scam brought the market down by more than 12 per cent, as markets lost 570 points, making it but one of the most significant loss ever.
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Source: IBNLive
Stock market has always been senstive from the day it crossed 20000. People who invest in shares should be more careful now-a-days. I would suggest invest 10 to 20 % of your wealth in stocks, not more than that. I strongly feel that it will plunge back to 19000 in 2 to 3 months, so it might be a good idea to invest in certain shares at this time
Rule of thumb,
The only time you really lose money in stocks is: “when you buy it or when you sell it”. Think about longterm. There will be little crashes and nicks I always call them adjustments. Nothing happens-if you look back 2 years, you will surely find a similar dip and rebouncing. Dow Jones is a proven fact….it will always go up with fluctuations.
Good luck.