17 Oct 08 Sensex falls into a blackhole
BSE Sensex falls nearly 900 points from yesterday’s market close to 9911. This is the first time in nearly 2 and half years, it has fallen below the 10,000 mark. This is a bad time for the market, which is called as Bear market during the falling times. People getting panicky and selling the shares for unheard of low prices, leading to a loss of about 20+ lakhs per capita. Today is probably what you can call ‘Black friday’.
For your information, Rupee has touched 48.85 per dollar mark. Like the tag line of Harry potter and the Order of phoenix, “Tough times lie ahead”
