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Emotions shattered as stock market plunges
Published on Mon, Jan 21, 2008 at 23:31 in 
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Mumbai: Shocked expressions and sense of disbelief on the faces of investors reflected outside the Bombay stock exchange on Monday.
The Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.
Although the Sensex recovered from its lows but it still marked the darkest day for Dalal street watchers.
What triggered the collapse was brokers unable to pay stock exchanges the money which, owed on the shares they had bought.
Exchanges reportedly had to start selling their shares, which lead to a wave of panic selling across the board.
A collapse, which many in the market could not swallow.
The Sensex is no stranger to crashes. On May 18, 2006 markets had crashed by 826 points and just last week the Sensex slumped 9 per cent.
But what stood out in today's crash - was the severity of the fall. Even the banking regulator RBI is shocked at the intensity of the fall. But is there hope still left for investors in this market?
In many ways the stock market is a strange mix of human emotions.
There is hope, excitement, greed and then despair and it is this cycle that every investor wants to cash on despite knowing very well that not many have succeeded in timing this market on a bloodbath day.
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