“Sare Jamin Par” I overlooked titled of Lokmat Daily where as Sakal expressed as “Hudhudi Punyatahi and Shear Bajarathi” indicating lowering atmospheric temperature in Pune winter this year. (current min temp of Pune is lowest in Maharashtra less than 12 c.) Market crashed. In second day also market tumbled 875 numbers with highest loss(12.91 %) after Ketan Parekh scam in 2004. After that Japan’s Nikkei, Hong Kong’s Hang Seng, and other indices also fell down.
Only within two minutes SenSex crashed by 2300. Stock exchange halted for an hour after 10% fall. Investors, traders and stock brokers are seen under panic of losing their investment. P. Chidambaram give realief to Indian ensuring, “India will also achieve about 9% growth rate this year. So Have a faith on India’s Real, Rebust economy, which is in good shape”
“Derivatives are financial weapons of mass destruction”
– Warren Buffet.