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Sensex & Nifty down 12%, again!

Posted on January 22, 2008

The major Indian market indices - BSE Sensex 30 & CNX Nifty 50 - dropped over 12% again earlier today. They are now down over 25% from the all-time highs set just two weeks ago! Not good. Gold is holding up very well at Rs 11,000 per 10 gms. As is cash. Should be fun to see what happens to the US markets today, given that they were closed on Monday, and that the Dow futures are down over 5%.If you look at the carnage world-wide but feel like a contrarian, then the Vanguard Total International Stock Index Fund (VGTSX) is a good option....

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bse , cnx , cnx nifty , sensex