Investors getting poorer

Sensex is again down in the third straight session @ 8894(as on Jun 14, 3:16:05 PM).
It has shed 168 points so far, in a very high volatile session.

Investors are getting poorer, therefore market is losing its charm. In the last two months market is down by 18%, getting investors wealth depriciated by average 18-20%.




Stockbroker Rakesh Jhunjhunwala, whose net worth zoomed up over Rs 2,000 crore (Rs 20 billion) on May 10 is poorer by almost Rs 700 crore (Rs 7 billion) today.

In the last month Jhunjhunwala's key holdings have eroded in value. They include Bharat Earth Movers (Rs 85 crore), CRISIL (Rs 40 crore), Lupin (Rs 70 crore), Nagarjuna Construction (Rs 100 crore) and Titan (Rs 90 crore) - have all dim.

Despite the erosion in wealth, Jhunjhunwala believes the secular and structural bull market is very much alive and kicking. "Although factors known or unknown may slow it, it will need God's wrath for it to be reversed prematurely," he is believed to have said.

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