Sensex ends 236 points up getting ready for the crash of 2007
Reena Agarwal
Dec. 26, 2006

The pattern looks like it. It smells like it. The sentiments are similar. It is wall street in 1987. The Sensex races towards the retesting the highs as the 2007 crash nears.

The sentiment is bullish - it is needed for the crash to happen. The foreign financial institutions are deep in it. That is also a required ingredient. The economy has overheated – it seems Indian economy is fastest growing. The interests rates are increasing as Reserve Bank of India (the central bank) starts smelling hyperinflation. This is exactly what 1987 saw in Wall Street. The fiasco ended with a crash of century.

The Sensex is headed for the same. It can fall four thousand point in a day or three. In a single month the Sensex can lose close to 5000 points or more. It will cause panic and chaos in the main street. Government will rush to aide the banks that are already in liquidity crunch.

The benchmark Sensex ended higher by about 236 points, or 1.76 per cent, its biggest rally since December 14 on the Bombay Stock Exchange today on brisk buying by funds, while brokers covered their short positions ahead of December expiry in the Futures and Option (F&O) segment.

The 30-share index, Sensex, which rose by over 86 points on Friday, added another 236.60 points to 13,708.34 after touching the session's high of 13,726.62 on the back of a rally in IT, auto, PSUs and banking shares.

Sensex ends 236 points up getting ready for the crash of 2007
Reena Agarwal
The pattern looks like it. It smells like it. The sentiments are similar. It is wall street in 1987.
READ MORE>>

Starting a multi-billion dollar debt and equity infrastructure fund in India is a hot item in America
Babu Ghanta
India is willing to do anything to accept Western multi-billion dollar debt and equity infrastructure fund. The fact is creating a massive opportunity for the Western especially American financial institutions.
READ MORE>>

You get Rs. 10,000 ($250) for every domestic flight delayed 2 or more hours in Delhi - India getting business efficient
Media Release
In a remarkable happening, State Consumer Commission in Delhi has held that airlines operating from Delhi will have to pay a compensation of Rs 10,000 each to domestic travellers if the delay exceeded two hours.
READ MORE>>

Indian stock market enters into a long term bear phase as the rate at which banks borrow money for a day, closed at 9.25 per cent, the highest since January 2001
Babu Ghanta
It seems RBI is concerned just like new Fed Chairman Alan Greenspan was in 1987...Sensex most likely will retest the base of 6300 – a 60% retracement from the top.
READ MORE>>

General Motors India today launched its premium hatchback car, the 1.2 litre petrol 'Chevrolet Aveo U-VA' at Rs 3.99 lakh
Media Release
To be pitted against Maruti's Swift and Hyundai's Getz, the car comes in three variants, the other two being priced at Rs 4.39 lakh and Rs 4.79 lakh respectively, both ex-showroom Delhi.
READ MORE>>

Sensex maintained its upward march for the second straight day with 87 point gain
Media Release
The Sensex, which had gained nearly 45 points yesterday, rose by 86.88 points to 13,471.74 on the back of support from oil, cement, steel, auto and banking sector stocks.
READ MORE>>

MORE ARTICLES >>