The stock markets all over the world have been showing an unstable behavior. This is due to various issues. The asian markets are really volatile which can be shown by the market indices for the past two days. It gives way only for the daily traders and the long term investors who have invested some two months ago are worrying about the market behavior.
Many of the investors were thought that the sensex will gain after the submission of the budget. But today the sensex has seen the second highest fall in its history. The sensex crashed 5.12% with a close of 16,677.88 leaving 900.84 points in the red. It is a great disappointment for the short term and the long term investors. For the last one month the market is so volatile that only the daily traders made profit.
Stock Market is one of my passions. I am very much interested in stock trading. I am doing this not only for making money but i love doing this. I cannot express this feeling. What to say? It is like my pet. Of course i incurred loss in some trading sessions. But i used to recover from that soon. My pet bitted me but it won’t hurt me. My roll model in this field is Warren Buffet, the Investment Guru. He entered into the stock market at the age of 11. I earned a remarkable amount in this field. The Asian markets have good future.
The Reliance Power Ltd., an Indian company has created history in many ways in the stock market in the whole world. The IPO opened on 15th Jan 08. In the first 60 sec itself the company got the required funds. It was oversubscribed 72 times. In the retail segment, it was over scribed 17 times. A record number of 500 Qualified Institutional Investors (QII) participated in the issue. A record number of 300 Foreign Institutional Investors (FII) participated. A world record of 52 lacs investors subscribed. It was the biggest issue with a collection of Rs.7.2 lac crores. HDFC bank alone tapped Rs.1.05 lac crore as subscription. It is estimated that the company will earn Rs.3000 crore as savings bank interest for one month if the proceeds are put in a savings bank account. A record number of new investors opened their DP accounts with the depositories. The subscription was roughly half of the country’s total foreign exchange reserve
