Market sentiments hit the stock market badly today. It was because of the hype created by media and "Experts" who gave an unrealistic view of budget this year. Too many expectations had cropped up and made the market rally up above 15K in the morning but as soon as our honouable Finance Minister presented the budget and made some realistic announcements the market slipped to 14k. It is said to be the biggest market fall since 2001 on budget day. It is really sad to see such reaction on such a steady and potentially growing budget. Few of my friends had bought call in the morning of as high as 180 and it went down to 18 at the end of the market hour... To add to their wounds I said "you should have bought put" [;)]
Good Luck Infra!!
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All said and done but yaar the budget was ok..itna bhi kharab nahi tha.. The ABC has given it a 6+ rating so its not a bad take! http://telegraphindia.com/1090909/jsp/business/story_11205598.jsp
ReplyDeletethis one says it all!!!