Stock Market Crash - 12 April 2006

zdestiny · Senior Member Joined: 12 Apr 2006 Posts: 55

The markets have crashed. The Sensex closed down over 305 points. The Nifty ended down over 98 points. All sectoral indices closed in red. Technology, auto, pharma, FMCG, capital goods and banking were the main draggers.

An intense sell off gripped the markets this afternoon. The Sensex registered its largest fall since black Monday on may 17, 2004, and the 4th largest fall ever.

The Sensex closed down 306.82 points or 2.63% at 11,355.73. The Nifty closed down 98.45 points or 2.83% at 3380.

The market breadth was negative, about 951 shares advanced, 1526 shares declined, and 49 shares remained unchanged.

The total market turnover was at Rs 59356.89 crore (Rs 593.56 billion). The NSE cash turnover was at Rs 10899.43 crore (Rs 108.99 billion). The NSE F&O turnover was at Rs 43087.85 crore (Rs 430.87 billion). The BSE cash turnover was at Rs 5369.61 crore (Rs 53.69 billion).

TCS, Cipla, Maruti Udyog, Tata Motors, Grasim, Hero Honda, Satyam, VSNL, Jet Airways and MTNL were the biggest losers on the indices.

Markets today

4th biggest single day fall for Sensex, Nifty ever
Biggest fall since May 17, 2004 for Sensex, Nifty; led by tech stocks
All BSE stocks end in red
All NSE stocks end in red barring BPCL
BSE IT down 3.66%, TCS down 6%, worst fall since listing
BSE Auto down 3%; Maruti, Tata Motors, Hero Honda down over 4.5% each
BSE Healthcare & FMCG Index down over 2.50%, BSE Cap goods down 2.4%
Advance: Decline ratio - 2:7
Tech stocks burn; Hexaware Tech down 8.42%; MphasiS BFL down 5.09%

Allforyou · Junior Member Joined: 14 Apr 2006 Posts: 23

There is no doubt in anyones mind that India is the new America. The world is finally looking towards India and China. Understandable I should think considering the fact that together, these two coutries account for nearly a quarter of the worlds population.
Which brings up my question.
Is it time to change the Dollar Dreams idea to Rupee Dreams already? Maybe education isn't to the same standards as the west, atleast quantitatively, but what about the idea of coming back to India once you're done with higher education. Any chances of that happening a lot more, and not just in the IT sector?

icyflame · 14 Apr, 2006 11:26 am Post subject:

haha.....irony is....i wanna move OUT of india once my higher education is done! man kuch bhi bolo....this countrys garbage is always gonna be out on the roads and im gonna hate it. and i have nothing more to say on this topic.

Guest · 14 Apr, 2006 2:26 pm Post subject:

hmm...so u do have something to say in this thread too huh....

icyflame · 15 Apr, 2006 11:08 am Post subject:

lolz...r u allforu? and if u are...then shut up

Allforyou · Junior Member Joined: 14 Apr 2006 Posts: 23

oohhh....i can almost feel the love in here...