“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.”

Thursday, February 7, 2008

Market Commentary 07/02/2008

Sensex sheds 613

The market plunged for a second day in a row today weighed down by weak sentiment in global markets. A strong GDP growth forecast for the current fiscal and a surge in domestic liquidity, failed to provide any respite for the markets.

The 30-share BSE Sensex slumped 612.56 points or 3.38% at 17,526.93. Sensex shed 647.21 points at the day's low of 17,492.28, hit in late trade. Sensex touched a high of 18,198.68 in the initial trade. At day's high it rose 59.19 points.

The broader CNX S&P Nifty was down 189.3 points or 3.59% at 5,133.25.

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