Yesterday was a landmark day in the Indian Economy. the BSE stock exchange ended at a mark above 10000 for the first tym in history of Indian Finance.......yippi!!!!!
the economy boom, the souring of the stock market are all due to the hype(which is absolutely justified) created around the brand 'india' in the several circuits in india and abroad. the BPO,KPO, the culture embedded in the people here, the sharpness of our mind is all a reason for this immense rise in such a small amount of time.
we are now the 4th market in asia to touch the 10000 mark and surely we have miles to go...not b4 sleep coz i know we will never sleep.
also i came to know that this is the 2nd time in history of BSE that the number of digits have changed. during the harshad mehta episode BSE first kissed a 4 digit number......and now its a 5 digit number.
harshad mehta for those who dont know was a trader who single handedly with his networking skills, his cunning nature played volley with the stock exchange. it was bcoz of him tht the then chief of vijaya bank committed suicide after he came to know of his blunders. he was actually 1 of the many fooled by mehta. this guys is behind the bars now, though the way he manipulated with the indian markets is still a well-known case study.
also b/w all the hoopla we hear the voice very well known. we hear the voice which commands respect. we hear the one n only rakesh jhujhunwala....oops do u know who he is??
hes the single largest investor in BSE stock exchange. " i invest not in the firm/company but in their idea" he says in walk the talk with srinivasan or the well known beard guy of NDTV. haan toh i was saying ki jhunjhunwala has suggested the market investors to excercise "caution" coz BSE has been expecting a 'correction' for quite sum tym now.......
Cheers for now....
