Seesaw trading in Indian equity markets

Mumbai, Feb 16 (IANS) Key Indian equities market indices opened positive on Tuesday in line with global cues but soon lost ground and dipped into the negative territory. The rupee also lost some 15 paise and was trading at 68.22 to a US dollar.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) began at 23,688.61 points, higher by 134.49 points, or 0.57 percent, over the previous close at 23,554.12 points. An hour after, it was trading at 23,448.21 points, down 105.91 points, or 0.45 percent.

At the National Stock Exchange, too, the 50-share Nifty was trading at 7,130.85 points, lower by 32.10 points or 0.45 percent, after having opened higher at 7,201.25 points against the previous close at 7,162.95 points.

In the other Asia-Pacific markets, the Shanghai Composite Index, Hong Kong’s Hang Seng, TaiwanÂ’s Taiex, South KoreaÂ’s Kospi, AustraliaÂ’s S&P/ASX 200, SingaporeÂ’s Straits Times Index and Nekkei all recorded gains on Tuesday.

While the US stock markets were closed on Monday for President’s Day holiday, the European shares rose on hopes of a stimulus from the European Central Bank. Back in India, while the Sensex ended higher by 568 points or 2.47 percent, the Nifty had ended higher by 182 points or 2.61 percent.


  1. When it comes to investing, a bank FD is the benchmark based on which you assess the other options for investments. Bank FDs are for the most part (and at least for now) are the safest investments though the returns may not outperform the underlying inflation rate in the system. Based on this FD rate a person may decide to dabble their foot in other riskier avenues such as stock markets. The stock prices may go down as well as up as you know but the expectation of the investor is that the returns are going to be higher than the FD. When the bank FD gives you 8% in a year, it’s not unusual to expect 15% annual growth in stock prices… and this is healthy in an uneventful year in the economy.

    But fast forward today. The stock market is taking 2 steps back and one step forward with each passing day. The market loses 700 points in one day and the next day gains 300. This is a highly volatile environment which is only suitable for gamblers/speculators/insider-traders. It is definitely not for average investors as they can not stomach such wild swings when their retirement income is relying on it. If the stock market loses 3% of its value in a day, just extrapolate what it would be like annually.

    This not not good for the economy. No wonder average investor has stayed away from the BSE. But that is not to say they are not entirely safe. The average Joe may have investments in LIC, provident fund, retirement fund, mutual fund, ULIP etc. but most of this money indirectly ends up at the stock market and they have absolutely no knowledge of how it’s performing. The people you have authorised (LIC, Mutual fund manager et al.) don’t have the same level of nervousness like you do, because it’s not their own money. If they do not make returns, the worst that may happen is that they may his lose his bonus for that year. But what about you? Who is going to compensate you for the losses?

    • Who is going to compensate you for the losses? – Mr. Manatee

      What? Are you actually saying that whatever money I have invested in our Yumreeki Rampa and Deepaka Shetty’s guidance towards ‘Akhanda Bharatha’s Mutual Funds (FUND pronounced as ‘phond – as in grave – in Konkani) are NOT paying me EVEN a ‘Bimbli’? And I was just talking about the ROI (return on investment). 🙁

      And here, you talk about “compensation for losses”?

      At least the Beef Brigade in power could have helped me absorb my losses – ref” 15 lacs. But ALAS… they are MORE concerned with BEEF. 🙁

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