Would this bankruptcy affect indian market ?
September 16, 2008 11:14am CST
So, Tell me guys, would this affect or not, tell me your views. companies that connected to lehman brothers will definately suffer from loss, as icici bank has a loss of 400 crores. Also indian companies that are linked with most of US Companies also loose trust from them and they will get scarce to deal with US companies.
16 Sep 08
as per my knowledege, there would be huge selling in private sector banks, unitech, indiabulls, last but not the least the reliance pack. i thinks we have seen enough sell off in the sectors. we may see a small pull back which may take us to about 4200 on the nifty. on the downside if 3900 breaks, we may test 3700 levels again. hope this might help u.....