“Stocks Hit Worst” – “Investor Heart Burst”
Filed Under: Politics, World | Posted: 06/21/2008 at 5:52AM
Comments | Region: India
An Investor tried to suicide as he faced a deep loss in the Share Market on Friday, in the Dalal Street where the Sharemarket held in Mumbai .
Investors have lost Rs. 24 Lakh Crores so far in this year 2008. It is so high as compared to Rs.35 lakh Crores made in the whole year 2007.
Mutual funds have bought stocks worth Rs.7,560 Crore so far as compared to about Rs.10,000 Crore last year.
Crude Oil Price moved around $80 per barrel to $140 per barrel so far this year pushing up inflation and sending equity markets into a tailspin.
FII’s have taken out $6 billion from the share market this year, as compared to $17 billion pumped in last year.