News Sensex crashes 521 pts in early trade on profit-booking

[Deepu]

The benchmark BSE Sensex plunged over 521 points and the NSE Nifty fell below 7,700-mark in early trade today as retail investors booked profits after amid sustained capital outflows by foreign funds.

A weak trend on other Asian markets as investors turned cautious ahead of the US job data to be released later in the day, also triggered selling by participants.

Sensex crashes 521 pts in early trade on profit-booking

 

[Sanjeev]

Still market is not stable and all is happening because of Chinese Market

 

[Technoglitch]

This might continue for some time and heard that commodities might go up in the coming year including crude prices.

 

[Prateek Marwadi]

Still market is not stable and all is happening because of Chinese Market

sanjeev bhai ji - its a long term bull market correction. may dip 5-7 % more but as of now not more than that

 

[scorpionking76]

I am expecting the same Indian economy correction rather slipping further south

 

[Prateek Marwadi]

I am expecting the same Indian economy correction rather slipping further south

indian economy has been correcting since its independence bro

 

[chetansha]

Keep an eye on bullion, gold slated to touch 2000$/ ounce in 3 years as per elliot wave charts

 

[Technoglitch]

Yup, all the commodities too

 

[chetansha]

Earlier we used to save money to buy gold, now looks like we will have to save to buy onions and dal.
#acchedin ?
Jantaa maaf nahi karegi?

 

[Technoglitch]

Due to less rain this year the production is too low and hence the shortage and demand.