What is stock market? A good story...

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10.
The villagers seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the "Stock" Market!!!!!

Sensex@19K

Dream market map for any investors life - Date 09/10/2007

why is the stock market going up like mad..?

Hello investors

yesterday as i entered a restaurant for dinner, i met a friend . he asked me the reasons for the raging bull run .
the manager of the restaurant , volunteered to explain.
his analysis made sense although it was slightly exaggerated.
Americans get a loan at 1.90 % per annum just by giving their social security number they take a loan and blindly invest in the B.S.E
in a bull market almost every stock gains by 2 % everyday..
so they make huge profits and then can easily transfer the money into dollars.
this causes the markets to rise and valuations go for a toss.
this is a sentiment based market .
the stock price depends on a lot of factors , primary among them is the sentiment which is mostly not backed by logic or numerical facts .

So let us all ride the bull ..
Happy Investing

Historical BSE/NSE on 11th October

Sensex and Nifty closed at an all-time high. Sensex closed at 18814, up 155 points while Nifty was at 5524, up 83 points from the previous close.

• BSE IT index was down 6%,


• Capital Goods was up 2.8%,


• Oil& Gas up by 1.7% and


• Realty up 2.7%

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