Praveen's Blog

An Eternal Quest for Incremental Improvement

A big crash in the Indian stock market

Indian stock market witnessed a horrible crash today on profit booking. The BSE SENSEX closed at 6,248 (down 220 points) and the NSE NIFTY closed at 1,954 (down 72 points). The downside was seen across all sectors however the Software sector witnessed a big downside. The crash was largely triggered by the below expected results from Infosys which was announced yesterday. My portfolio suffered a major loss today. However, I have picked some stocks at thier bottom (my view) price. If the correction is not continuing Monday, I will be seeing some good short term gains from today's trade.