The Indias 40 wealthiest persons lost their networth $212 Bn last year.Some of them are:
mukash Ambani $ 20.8 bn
L.N.Mittal $ 20.5 bn
Anil ambani $ 12.5 bn
Sunil Mittal $ 7.9 bn
Kumar M Birla $ 5.0 bn
A. Premji(wipro)$7.0 bn ...

The market may touch the october indices or even lower in the coming two months. The technicality is not working in the present day market. Our market is purely depending upon the U.S and other Asian Market.Any thing will stabilise in the coming financial year. All the boarders are not to intelligent as few boarders....

dear novice1000
your unquote will apply for u also. As u said the change of power taking place in the U.s. , hence the bubbles take place. In such a case the U.S. election will be taking place once in 8 years as mentioned in your last line of the msg.mainly it is economic suituation of the country as well world. Now the people in India are educated to know what happend in and around their palces....

Now our market in sunami condition. when it will be over no body knows.Even technical leaders are not able to predict the market situation....

Indian billionaires lose $212 bn since last year: Forbes Press Trust of India India`s richest have suffered a value erosion of a massive $212 bn largely due to the global financial turmoil, which took a toll on the equity markets as well as property prices, Forbes says. Mentioning that these are painful times for India`s tycoons, Forbes said compared with the last year, the net-worth of the country`s 40 wealthiest people fell by $ 212 bn to $139 bn. The combined net-worth of India`s 40 richest has nosedived by 60%, hitting steel tycoon Lakshmi Mittal the hardest, as he had to vacate the four-year held Numero Uno position to Reliance Industries` Mukesh Ambani. Mittal saw his fortune drop by $30.5 bn amid declining steel prices. Last year, Mittal had a net-worth of $ 51 bn. Meanwhile, the Ambani Brothers -- Mukesh and Anil -- together lost as much as $60.7 bn since the past year. The wealth erosion was across the board as on an average 33 of the 34 people that returned to the list this year have become poorer by at least 20%, Forbes said. "Thirty three of the 34 tycoons who returned to the our rankings of India`s richest are at least 20% poorer than they were a year ago," the magazine said. "Only one fortune from last year`s ranks increased, that of brothers Malvinder and Shivinder Singh, who sold their 34% stake in Ranbaxy Laboratories to Japan`s Daiichi Sankyo at a hefty premium to its current stock price. They added $550 mn to their combined wealth," it added. The factors that were responsible for pulling down the fortune of these billionaires include the massive erosion in the country`s benchmark index that fell as much as 48% since last year. Besides, the rupee depreciating 24% against the dollar and slowdown in GDP growth has also impacted the list. ...

The present market condition will remain for a while. Not going to b over in a hurry....