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The Sensex!

Thursday
November 20, 2008
4:30 PM

I woke up today evening to an SMS beep from my phone. It was my daily digest of stock market news. Sensex crashed another 322 points and ended at 8451 and Nifty reached 2553, down 81 points.

Tuesday
January 08, 2008
4:30 PM

It was a historic day for indian markets where indices have posted new highs. The BSE sensex hit an all time high of 21000!!

If you take a look at the history of the BSE sensex, it's an amazing story of how steep the peaks and troughs are!

It was bloodbath at the Indian stock markets on October 17. The Sensex plunged by 1,743 points, the largest fall in a single day ever witnessed in the history of the Indian stock markets. Trading was suspended in the market for an hour

So, what are the lessons here?

As in the past, many a new small time investors came in when the bulls were raging, taking the valuations to unimaginable highs. This has happened in the past, but no one took a que from their history books. My 5 cents of advice - stay put, be cool, and don't be greedy!
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