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.
1 response
• India
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.....