Tuesday, September 20, 2005

Investors ride Indian stocks wave!

Last year, Smita Patel lost 500,000 rupees ($11,400) of her personal savings in a day on the Indian stock market.

Since then, not only has she recouped her loss but is in profit to the tune of 250,000 rupees ($5,700) due to a share market surge that shows no sign of slowing down.

"I have never made money in the markets, from the time I started investing more than 10 years ago. This is the first time I have made any profits and now I am happy to say I am a gainer."

India's benchmark Bombay Stock Exchange (BSE) achieved a historic high last week when it crossed the 8,000 mark. Since then, the BSE sensitive index (Sensex) seems to rewrite history every day by scaling new heights.


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