Stock Trading and Other Things

What happened to the bombay Stock exchange from Jan 21 08-present?

The bombay stock exchange went through a major meltdown on January 21 08, and it has gotten ever worse. Investors have lost billions of dollars. Will someone explain how this may have happened in comprehensive manner that I, a person not well versed in economics will understand? I also wonder why India wasn't affected by the Asian Financial crisis of 1997. Will anyone please give their explanations and thoughts on this matter?

Public Comments

1. We have begun a worldwide recession (some say depression), started by the US housing/loan crisis. I'm surprised they don't talk about it on the news in India, it's all they have talked about for the past couple of months here.

Now it's a bit of a small recovery before it drops another 15-20% in my opinion.

2. this is the result of made rush in marathon race or jallikattu.

market is for strategist - wise personnel - and patience will help the investor.
nothing has happened to Bombay stock exchange or for that matter for any stock market. all the stock listed are still alive and get traded regularly.

drivers of the market say hedge funds/pension fund/PN/few FII are going out of Indian (BSE) market. there is capital outflow. in this process greedy investors got trapped and lost their shirts and pants.

the market will revive soon. no worry.