Communication Needs

All serious stock-exchange speculators in India, especially concerning BSE(SENSEX), please read this.?

The announcement of India's 2008 budget no the 29th of February seems to have had crippling effects on the SENSEX. Factors such as the increase of Capital Gains Tax from 10% to 15% have adversely affected the nations stocks, as the SENSEX tumbled nearly 900 points on the 3rd of March, being the first working day for BSE after the budget. Im a major stake-holder,but not one with any technical knowledge about stocks, with holdings such as EXIDE, RELIANCE INDUSTRIES,BRITANNIA,REL COMMUNICATIONS,etc. I was planning to liquidate my investment before this downfall of the SENSEX, but now am helpless due to the rock bottom prices that my share holdings would fetch me. What does the future hold for stocks, especially concerning the SENSEX? How long may i have to wait till it regains its original highs? Your help and concern are appreciated most gratefully. Thank You.

Public Comments

1. I think wil have to wait for a week. SENSEX wud boom again. All the best
2. sensex has a culture to go up or down. such things happen every now &then.even when sensex reached 4000 there was afear that it will come down to2800. it lost a few hundred points and went up to 21000. in between it must have fallen several times.even the markets had to be closed for afew hours thee tlimes.only those persons earn who have patience. invest in good shares when the market is down. it is likely that market may go down furthut. so donot invest allat one time. if you are investor keep silent till the subprime trouble is over. if you are aspeculator pray to god. if you have your saving donot worry.the times will improve hkc
3. I do not live in India, but I do invest in Indian securities. In my opinion the tax increase offers you a great opportunity to buy stocks at a good price. Don't worry too much about the panic selling based on the tax increase. Sure you will have to pay a little more tax, but look at it as an opportunity. The government will have more money to spend and they might very well spend it on infastructure improvements. If so it would be a great opportunity to buy stock in a company that sells concrete, for example.
4. Please note that the fall witnessed is not because of the budget but due to the global meltdown.Worry of US recession and all time high commodity prices of oil,gold,silver,aluminium,copper etc and looming inflation is bringing the whole market all over the world down. But i have gone through the shares uou are holding and they are fundamentally good shares and after some more correction the market will recover and if you do not need cash urgently please do not sell in panic.Market goes thro ups and down just hold on. please stop looking at prices on daily basis.you should not worry so far as you hold good scrips and remain invested.biggest thing to learn if you want to be in stock is to beware of greed and fear.whenindex was 21000 greed did not allow you to sell and now fear is tempting you to sell.calm down.Indian economy is doing well and market will see better days.