Thank God, I ain't Thai !

The Stock Exchange of Thailand's benchmark SET Index plunged 19.5% before recovering some to close at 622.14, down 14.8%. The fall came after the Bank of Thailand announced tough measures late Monday to clamp down on speculative inflows that have lifted the Baht (Thai currency) to a 9-yr high. The worst hit were the banking, energy and telecom sectors.

The jitters reached India as well. The Sensex at one stage was 494 points down, but recovered to close 349 points (2.54%) down. Technology and capital goods stocks got hammered the most. Needless to stay, my portfolio was bleeding profusely. Infy, Tech-Mah, TCS, L&T, Patel Engg, Rel-Comm, RIL were the top losers. Overall the portfolio plunged 2.44%, in sync with the indices.

As expected sugar stocks were trading in green, thanks to the conditional lifting of the export ban. Thanks to this, one scrip (Bajaj Hindustan) in my portfolio was trading in green.

Applied for a couple of SIPs today, Birla Sun Life Tax Relief 96 and SBI Magnum Tax Gain. Have requested for an amount of Rs. 3500 to be cut towards the same for a period of 12 months. So, that would account for 21K, this financial yr and 63K for the next.

Sobha Developers lists tomorrow. I hope the negative market conditions would give poor investors like me (who were denied allotment), a chance to buy from the secondary market. Need to watch this fella very closely tomorrow.