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Shaky journey on Dalal Street: Story of 2 investors
Published on Tue, Mar 11, 2008 at 19:04 in 
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SWINGING SENSEX: From 21,000 less than three months ago to under 16,000 now — it has been a brutal fall for the Sensex.
Mumbai: Markets may have been on the recovery mode on Tuesday, but it has been a rough few months for investors. So how have they weathered the storm?
From 21,000 less than three months ago to under 16,000 now — it has been a brutal fall for the Sensex. With the fall, Vikram Pahwa's dreams have come crashing down. The 30-year-old was lured by the promise of easy money. The first three years were a profitable ride.
But the recent crash has shaken his financial health. He has lost one third of his 10-lakh portfolio. He had made a two-lakh profit on it just a few months ago.
“Effectively I've lost about 20-25 per cent of my portfolio. I do hope that the market stabilises as early as possible,” Pahwa says.
That’s just a fraction of the losses for Rajesh Patwa. He is a high net worth individual, or H-N-I- by definition, i.e., an investor with over 10 lakh in assets.
39-year-old Patwa who runs his family business with his three brothers has been putting the extra money earned into the stock markets. But the money trail has come to a grinding halt.
“I am just holding on to whatever stock that I have. My portfolio has reduced by about 30-40 per cent,” Patwa says.
Dalal Street has not been immune to crashes but like in every crash retail investors are late to enter the rally and the last to exit in a crash.
“Market has now entered into a consolidation phase. And this phase started just about three months ago and it's going to last for a while,” MD, Bajaj Capital, Rajiv Deep Bajaj predicts.
For now it’s the bears who have taken the bulls by the horn, but investors should keep the faith that the bull in time will charge again on Dalal Street.
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