Business | Updated Jan 22, 2008 at 09:58pm IST

Investors blame bull's replica for bringing bad luck

Jency JacobJency Jacob, CNN-IBN

Mumbai: Today’s market move was a rude shock for the veterans of the Indian markets. The Sensex fell over 2000 points within minutes of the opening bell and soon the action on the TV screens spilled over to the Mecca of Indian investors - the Bombay stock exchange.

It was a day of high drama at Dalal Street with many angry investors also blaming the replica of a bull for bringing bad luck to the market.

But while the bull escaped injury, it could not dodge the abuse.

“Remove this bull, it’s a bad sigh for the market. Since the day it was fixed the market has gone down,” says one broker.

Investor Subhash Patel says, “I had invested Rs 1.5-Rs 2 Lakh lost 50 per cent of my investments.”

While others put on a brave face and looked forward to better times.

“Indian markets are going to bounce back, ” another investor Lakshman Kahar says.

The markets finally recovered to close the day 875 points down so does this means relief for small investors, may be too soon to speculate.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Comments (0)

All comments will be published after moderation

More on IBNLive Right Now

Trending Searches

#Western Ghats #Aamir Khan #Gianluigi Buffon #Amitabh Bachchan #Naveen Patnaik #Abhishek Bachchan #Virgin Galactic #Shahrukh Khan #Ajith Kumar #SpiceJet #Naveen Patnaik #Nupur Talwar #Narendra Modi #Bharatiya Janata Party #AIEEE #Jagan #Bandh #Mamata Banerjee #Bus rapid transit