Saturday, October 25, 2008

Stock market crash of Oct 2008, the 10/8 phenomenon ....

How severe has been 10/8 ??

The personal wealth of the top 3 richest people in India which have crashed during Oct 2008 are given here ..

The market cap of the personal holdings of Mukesh Ambani crashed by $ 50 billion, Anil Ambani by $ 40 billion and DLF's KP Singh by $ 38 billion.

Totally the markets lost about $ 980 billion, (about Rs. 46,00,000 crores)  in the crash which saw Bombay Sensex nosedive from 16000 to 8700.

If it falls to below 8000, I will be investing ...


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