Praveen's Blog

An Eternal Quest for Incremental Improvement

The bears started thier attack

Indian stock market vitnessed the attack of bears yesterday. BSE SENSEX slid down by 143 points from the previous close to touch 6368 on yesterday's close. It is getting closer to what we saw in the early Jan crash of this year. There is no specific reason for this fall. The most common reason given is that the US interest rates which could retard the FII investments. Whatever the reason be, it is going to take a long time to touch 6900+ levels again. Since I was not involved in trading last few weaks, I have lost some tens of thousands. It's all in the game :-)