N.Siddiqui
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Just watch this video and see how frustrated people are in India due to rising fuel prices.
Stocks works on speculations and good/bad vibes, one crash leads to another, brokers start panic selling and it leads to a domino effect trembling and trickling down across the board.
Add to this the Rupee free fall factor and it is a big disaster, people buying dollars to get the profits with rupee depreciation, results in scarcity of dollars and a further fall in rupee and an increase in dollar value...
This could have been controlled with the right financial strategy and use of media and building perceptions, Pakistan did it with a decrease of 7 rupees in dollar to rupee parity.
SENSEX is -Bombay Stock Exchange 'SENS'itive ind'EX'-
Should use S&P BSE more often...