'This is investors' cry. A loud cry. For the year going by. Why this kolaveri, di?'
This is how a broker sums up the stock market trend for 2011, while copying the grammar-less lyrics and format of one of the most talked about song of the year.
The chartbuster song could well be the stock market's unofficial anthem for the year, where investors are crying about a 'murderous rage' that has cost them millions of dollars in every single minute of trade in 2011.
The song, 'Why This Kolaveri, Di (Why this murderous rage, girl?), has crossed 20 million hits on the video sharing internet platform YouTube, becoming one of the biggest ever chartbusters from the Indian entertainment industry.
On the other hand, the stock market is fast approaching towards a full-year loss of Rs 20 trillion in 2011, thanks to the ever-growing 'murderous rage' of the bears (a term used for the factors behind a stock market downslide).
A deeper look at the statistics indeed presents a gory picture of the state of affairs in Dalal Street, once home to a vast majority of share trading activities in the country and still widely used as a kind of synonym for the stock market.
The market has suffered an average loss of one million dollars in every ten seconds of trade so far in 2011 and the final figures might not be much different as only five days of trading is left for the year.
This came after a year 2010, when the market had gained one million dollar in every 20 seconds of trade.
The total erosion in the investor wealth for 2011 currently stands at about 600 million dollars -- a figure nearly double the quantum of gain in 2010.
The investors' wealth, measured in terms of total value of all listed stocks in the country, grew by 317 million dollars in 2010, but has fallen by $600 million this year.
The total market wealth even fell below the trillion dollar mark last week and is now barely keeping above the mark at $1.02 trillion.
In rupee terms, the total market wealth has fallen by about Rs 19 lakh crore since the beginning of 2010 and currently stands at about Rs 54 lakh crore. In comparison, it was close to Rs 73 lakh crore at the end of 2010.
The market barometers, the Sensex and the Nifty, have fallen by about one-fourth in 2011, as against a gain of about 18 per cent in the previous year.
In absolute value terms, the sensex has fallen by 4,770 points so far in 2011, as against a gain of over 2,000 points last year. The index, comprising of large names like Reliance Industries, ICICI Bank, Infosys and TCS, is currently trading at 15,738.70 points and some experts have forecast a fall to a level as low as 11,000-12,000 in the coming months.
It was trading over 20,000-mark at the end of 2010 and even scaled its record high closing level in November that year.
This is how a broker sums up the stock market trend for 2011, while copying the grammar-less lyrics and format of one of the most talked about song of the year.
The chartbuster song could well be the stock market's unofficial anthem for the year, where investors are crying about a 'murderous rage' that has cost them millions of dollars in every single minute of trade in 2011.
The song, 'Why This Kolaveri, Di (Why this murderous rage, girl?), has crossed 20 million hits on the video sharing internet platform YouTube, becoming one of the biggest ever chartbusters from the Indian entertainment industry.
On the other hand, the stock market is fast approaching towards a full-year loss of Rs 20 trillion in 2011, thanks to the ever-growing 'murderous rage' of the bears (a term used for the factors behind a stock market downslide).
A deeper look at the statistics indeed presents a gory picture of the state of affairs in Dalal Street, once home to a vast majority of share trading activities in the country and still widely used as a kind of synonym for the stock market.
The market has suffered an average loss of one million dollars in every ten seconds of trade so far in 2011 and the final figures might not be much different as only five days of trading is left for the year.
This came after a year 2010, when the market had gained one million dollar in every 20 seconds of trade.
The total erosion in the investor wealth for 2011 currently stands at about 600 million dollars -- a figure nearly double the quantum of gain in 2010.
The investors' wealth, measured in terms of total value of all listed stocks in the country, grew by 317 million dollars in 2010, but has fallen by $600 million this year.
The total market wealth even fell below the trillion dollar mark last week and is now barely keeping above the mark at $1.02 trillion.
In rupee terms, the total market wealth has fallen by about Rs 19 lakh crore since the beginning of 2010 and currently stands at about Rs 54 lakh crore. In comparison, it was close to Rs 73 lakh crore at the end of 2010.
The market barometers, the Sensex and the Nifty, have fallen by about one-fourth in 2011, as against a gain of about 18 per cent in the previous year.
In absolute value terms, the sensex has fallen by 4,770 points so far in 2011, as against a gain of over 2,000 points last year. The index, comprising of large names like Reliance Industries, ICICI Bank, Infosys and TCS, is currently trading at 15,738.70 points and some experts have forecast a fall to a level as low as 11,000-12,000 in the coming months.
It was trading over 20,000-mark at the end of 2010 and even scaled its record high closing level in November that year.
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