Abhishek Speaks

It was a highly dramatic, scary, speculative, panic, volatile & what else ??? Witnessing the biggest point fall in the History of Indian Stock Market (NSE & BSE) till now. Today is regarded as the worst day for Investors as Investors wealth is down by a whopping Rs.6,63,975.46 Crores This is a Great loss to the Market capitalization of Indian Companies that too in just a single day. Sensex going below 17,000 but managed to recover more than 700 points in closing trade & closed down 1408.35 points or 7.41% at 17605.35 & Nifty down 496.50 points or 8.70% at 5208.80.

BSE was shut for a brief period of time though it resumed trading immediately, and recovered 700 Points from the days low. This fall was followed by the Major Asian Indexes fell accompanying the U.S Markets. Hope we recover soon.

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TATA Motors have launched the most awaited People’s Car - “TATA NANO”. Ratan Tata, Chairman of Tata Group said that the car would be manufactured at the Singur plant later this year & also regarding the price he said it would be Rupees One Lakh for dealers (Excluding VAT)

Ratan Tata also said that it was too premature to talk about EBITDA margin of the small car, But they will offer a wide variety of variants with several upmarket options. TATA have been approached by two countries to launch the “People’s Car” and they may be looking at Africa, Latin America & South East Asia to Launch the car.

The company will not sacrifice the profits and there is a strong business case for the small car.

So far, they have invested Rupees 1,500-1,700 Crores in the small car project. The car will comply withBharat III & Euro 4 emission norms. He also said that the car meets all safety & standards including crash test, offset & side crash.

Hope this Car Quenches the thirst of Middle Class Indian People

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