| Indian Stock Market Sinks for Second Day Video |
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| Contributed by J. R. Ransom | |
 Palaniappan Chidambaram In brokerages across India there's a frenzy of trading as the market free-falls for a second straight day. Investors who bet prices could only rise forced to sell to pay for shares bought on credit. "Those people who have purchased beyond their capacity are suffering now." On the streets rattled investors debate whether to dump their investments and join the panic. "I think the market is falling because foreign investors are pulling out their money." says this investor. "I hope all this is just a temporary thing." Moments after opening the Bombay (Mumbai) stock exchange plunges 12 percent triggering an automatic halt to trading. When it reopens an hour later, the market shows signs of recovery reassuring it seems by a Finance Minister who still manages to smile despite the crisis. Palaniappan Chidambaram - Indian Finance Minister: "There are no reason at all to allow the worries of the Western world to overwhelm us. Our econony is very different from the economies of some developed countries which are facing some stress."
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