Stock market is up by 2000 Points in just 2 hours of trading

May 18, 2009 12:45pm CST
Today market has seen sharp upside trend in India. The hope of getting a stable government and the capitalist minded government is reason behind the Market upside movement. Even though i have not able to buy any shares, I am in profit with the shares which i was holding. If i was able to buy the shares i would have got huge profit.
2 responses
@atulleo25 (484)
• India
18 May 09
Hi Karthik, I think you are one of the few lucky ones who made money out of this bear market - bull run. Be aware that this run up has come close to its tiring leaps. This run started on March 9 and still intact thanks to the victory of UPA with full confidence. Their clean sweep has helped the stock markets to climb up 17% in a single day which is historical. Not even a 1000 Crore worth of stocks could be traded on the NSE and BSE together. Hope to see this trend continue tomorrow as well. US markets seems to catching up with this run up and Europe is deep green today which will definitely help Indian stock markets to continue their bull run. Hope you exntend your gains even more.
@sblossom (2169)
18 May 09
The stock market in India is same as in China. The world crisis seems not happen to these two countries. I lost my money last year in Chinese Stock Market, so I'm afraid to invest in the market anymore. I talked with my friend from India and he told me he lost too last year. Glad to hear you are still in profit with your shares. But be careful with them. As the proverb says don't put all your eggs in one basket. Good luck to you.