Newsgroup: it.economia.borsa
Titolo: Per orsotoro ... poi un tuo commento

MUMBAI, Oct 17 (Reuters) - Indian shares plunged more than 9 percent and the 
rupee tumbled to its lowest in almost a month on Wednesday after the stock 
market regulator proposed curbs on foreign portfolio inflows to jam the 
brakes on record-breaking markets.
Trading in shares was suspended for an hour immediately after opening as the 
main indexes' slide triggered circuit breakers and rupee retreated after a 
run up to 9-½ year highs against the dollar in recent weeks.
Finance Minister Palaniappan Chidambaram said the proposals were part of a 
series to stem capital, which has been flooding into India's markets via 
indirect instruments known as participatory notes, and they were not a ban, 
just a cap on the amount of money coming in.
"Investors through participatory notes are certainly welcome to invest in 
India, but for the present it is important to moderate these capital 
inflows," he told a news conference.
"If some investor wishes to register in India as an FII and invest, he is 
most welcome," he said, referring to foreign institutional investors.
The benchmark BSE 30-share index  <.BSESN>  was suspended for an hour after 
dropping 9.15 percent soon after the 9:55 a.m. (0425 GMT) open. Trade 
resumed an hour later, and the market was 6.8 percent down at 17,763.75 by 
0535 GMT.
The market had hit a record high of 19,174.45 on Tuesday, its 18th record 
high in 19 sessions.
The rupee plunged 1.6 percent to 39.98 per dollar  <INR=IN>  , according to 
Reuters data, its weakest since mid-September and well below last week's 
peak of 39.27, which was its highest since March 1998.
"There will be panic in the market in the next two to three days," said 
Nipun Mehta, head of Unitis Tower Wealth Advisors.
"But they are perhaps trying to get all the pain out in one operation and 
this kind of move always hits the market."
The Securities and Exchange Board of India (SEBI) said late on Tuesday that 
after consulting the government it was recommending changes in policy on 
participatory notes, which are issued by registered FIIs to investors not 
registered in India but who want to buy stocks.
Indian authorities, particularly the central bank, have been taking steps in 
recent months to try to stem the rupee's rise on the back of a flood of 
foreign money into the share market.
Foreign investors have put $4.6 billion into the share market this month, 
taking the total in 2007 to a net $17.6 billion, well above a record $10.7 
billion in the whole 2005.
India's economy grew 9.4 percent in the last fiscal year, the world's 
fastest growing major economy after China, and is expected to expand 8.5 
percent in the year to March 2008.
(Additional reporting by Rina Chandran, Himangshu Watts, Saikat Chatterjee 
and Virendra Verma)
((Writing by Charlotte Cooper, editing by John Mair; Reuters Messaging: 
charlotte.coop...@reuters.net
)) Keywords: INDIA MARKETS

 the brakes on record-breaking markets.
Quando si limitano le iniziative private (e in questo caso degli investitori 
stranieri che giocano un ruolo fondamentale per l'economia indiana...).....è 
il minimo che possa succedere ad una piccola borsa, seppur in espansione e 
proiettata verso il futuro.....
Fibonacci, Bradley, Gann ed Elliott concordano per una correzione (io mi 
adeguo) e in un mercato toro ogni motivo è buono per prendere profitto...
Guarda la vicenda Turchia-Kurdistan....le quantità di petrolio sul mercato 
non diminuiranno, qualunque decisione venga presa, ma intanto i prezzi 
dell'oil salgono....e le borse scendono.....
Ciao, ci sentiamo stasera, devo uscire.....