The blasts in Bombay failed to unnerve the spirit of the Bombay Stock Exchange, where the 30-stock sensitive index (Sensex) rose 316 points yesterday. When Delhi had been racked by blasts on Diwali eve last year, the Sensex soared by over 200 points. (Of course, it mirrored global trends and fell after 9/11 and there were falls after the Parliament and Varanasi attacks.)
Questions: Is the rise of the Indian stock market in spite of blood on the street, an indication of a mature market or a sign of cold-blooded moneymindedness? Are market movements and terror attacks linked, or are they immaterial in a wired world where investors see opportunity even in the face of terror? Should market players take human sentiment into account or should they focus on what they do best because that is the best answer to those who want to bring ruin?
KP. Seems like you dont miss an opportunity to hit the nail on the head of dalal street. Most of the people believe that bear moves with blood but for a change, this time bull moved with the blood.
Market follows the leader and leader (infy) posted market beating results and hence the bullish nature was seen at Dalal street.
Anyways: Its money of people and if they are right, they make profits else will lose.
Nope. Poor Gujjus got extra time since the local trains got hit, so the raise.
Though I am not a stock market savvy, I have a point to convey here.
The market moves up or down depending on the demands.
Many expected a great fall of the market after the mumbai blasts. The ones who wanted to buy the shares at lower levels entered the market. As they were in large numbers, the prices of stocks and the index soared. And today it has fallen, as the greedy ones who thronged the market, could not sustain for long, and must have sold them in a hurry. Another important point here is Wednesdays are the settlement days for Mondays purchases. Depending on the trend Wednesdays decide the ups and downs of the market.
And ofcourse the darling of investors, Infy’s Q1 result must have fuelled the upsurge in the market. And people are waiting for TCS, Satyam and Wipro to announce good Q1 results.
It is being played in the opposite sense in all Western media at least. They see this as the `indomitable’ Indian spirit revolting against terrorists’ intent (to make India kneel)
Ree swamy KP , with all respect . Nimgae baryakke berae yenu suddhi sikllillvenri ?? serious aagi keltheeni .
Akasmaathu Stock market bidhare..Is our Stock Market so Volatile for all the worst happening in country? why should it reach downward? antha haaktheera
aaglilla andre melgade haakiro thara bareethira..adheno ondhu thilyalla.
Dear Sir,
It is a healthy sign because it defeats terrorists self confidence and also hurts their ego. Let the sensex plunge to sky high whenever terrorists tries to strike financial capital