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The sensex, which fell to an all time low in two years, has dealt a severe blow to small investors.
Take the case of Priyank Kumar, who invested around Rs 3 lakh when the market was in full swing. But instead of making any hay, he lost the entire money in the latest crash.
Kumar nevertheless borrowed money and continued investing in the market. On Wednesday, when the market touched 11K mark, he lost all hope. His portfolio is already gone down by Rs 1.38 lakh.
"After loosing such heavy amount, I don't want to take any further risk. I am not even sure when will my investment get back to its original amount. I was planning to buy a car this Diwali after selling these stocks but now it seems I won't be able to get a car even by the next festival season," Kumar said.
Hopes fall flat
Sohrab Khan, another retail investor and a call centre employee, started investing after the first major fall, expecting the market to rise. With an initial amount of Rs 80,000 he jumped into the market.
"I started investing when the market touched 15k mark. I was sure to make good profit in a month's time or so. But the market fell by 1000 points. I wouldn't have lost much. But one week in October has been deadly.
Today, my losses are to the tune of Rs 35,000. Now I don't have enough courage left in me to invest any further," Khan said.
Strategic error
Izhar Rahman, a software engineer, forced his father to lend him Rs 40,000 which he had saved for his daughter's marriage. He added another Rs. 30,000 to it and promised his father to return Rs 1 lakh in a month's time.
He invested the money in the market, but by Wednesday his capital has already been reduced to Rs 45,000, a straight loss of Rs 25,000.
A journalist working with a leading newspaper made Rs 5 lakh on an investment of Rs 50,000 over a period of 2-3 years.
But after the market crashed the market value of his shares became Rs 20,000.
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