Global indices are not really in a pink of health these days with the subprime mortage epidemic spreading fast and deep. The subprime mortage crisis impacted the European, US and Asian markets in a severe way in the last two weeks.

Stock markets across Asia tumbled on Thursday, with the benchmark Korean index clocking its biggest-ever one-day decline, as investors were confronted with continued carnage on Wall Street and across the globe. Today also Asian markets are seeing a selloff.

Closer home, the Sensex for the first time fell below 14k levels and is hovering around 200 DMA of 13,950. Experts feel that going forward Sensex will bottom out at 13000-14000 levels.

Company	Cls price		%chng
	1-Aug	16-Aug
NTPC	160.5	168	4.67
ACC	965.9	979.55	1.41
Bajaj Auto	2287.95	2310.3	0.98
Dr Reddy's Labs.	622.45	628	0.89
Satyam Computer	469.7	467.35	-0.50
Tata Motors	667.1	663.35	-0.56
Infosys Tech.	1929.6	1910.45	-0.99
Wipro	475.7	469.35	-1.33
Cipla	185.7	182.9	-1.51
Ambuja Cem.	128.9	126.9	-1.55
St Bk of India	1548.25	1521.6	-1.72
Ranbaxy Labs.	367.8	360.85	-1.89
Grasim Inds.	2848.65	2792.55	-1.97
TCS	1115.8	1087.8	-2.51
Reliance Energy	737.3	717.5	-2.69
Hind. Unilever	201.7	196.2	-2.73
H D F C	1940.5	1885.5	-2.83
Reliance Inds.	1798	1739.15	-3.27
B H E L	1663.25	1602.85	-3.63
Maruti Udyog	821	791.15	-3.64
M & M	693.65	658.15	-5.12
ITC	167.1	158.1	-5.39
HDFC Bank	1161.8	1094	-5.84
ICICI Bank	891.35	832.3	-6.62
Reliance Communi	530.6	495.4	-6.63
Larsen & Toubro	2485.05	2319.4	-6.67
Bharti Airtel	862.95	800.85	-7.20
O N G C	884.35	818.8	-7.41
Tata Steel	622.4	575.35	-7.56
Hindalco Inds.	159.15	145.3	-8.70

In the last two weeks Sensex has fallen by 3.86% and majority of index stocks have fallen in the range of 0.56-8.70%.

Stocks like M&M, ITC, HDFC Bank, ICICI Bank, Reliance Comm, Larsen & Toubro, Bharti Airtel, ONGC, Tata Steel and Hindalco Inds have fallen over 5% in two weeks( August 1-16).

What has been hitting our market is the fact that FIIs have been withdrawing money from the emerging markets and that’s hitting India.

FIIs have been selling every trading session since August 10 and yesterday(Aug 16) they sold to the tune of Rs 3108.45 cr which was the largest on a single day.