Sensex crashes; rejoice...and start buying
In the recent past, everybody was hitting Dalal Street... and now, the street has hit back, scrapping off market capitalization in a way, which has not only left the investors in a tizzy, but also has the corporate sector in a fix. The Sensex has lost a mammoth 800 odd points since its July 24, 2007 levels of 15,794.92 and is currently trading at 15,011 (Aug 14, 2007). But this equity market meltdown hasn’t been an idiosyncrasy of India only. From Wall Street to Australia to China; you name it and almost all have made it ingloriously to the casualty list. The main issues seem to be global cues coming out from the US subprime woes and the consequent credit crunch. Interestingly, the situation ahead doesn’t look very encouraging. As Philippe d’Arvisenet, Group Chief Economist, BNP Paribas exclaimed to 4Ps B&M, “It is very difficult to say that this market correction is already over.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
In the recent past, everybody was hitting Dalal Street... and now, the street has hit back, scrapping off market capitalization in a way, which has not only left the investors in a tizzy, but also has the corporate sector in a fix. The Sensex has lost a mammoth 800 odd points since its July 24, 2007 levels of 15,794.92 and is currently trading at 15,011 (Aug 14, 2007). But this equity market meltdown hasn’t been an idiosyncrasy of India only. From Wall Street to Australia to China; you name it and almost all have made it ingloriously to the casualty list. The main issues seem to be global cues coming out from the US subprime woes and the consequent credit crunch. Interestingly, the situation ahead doesn’t look very encouraging. As Philippe d’Arvisenet, Group Chief Economist, BNP Paribas exclaimed to 4Ps B&M, “It is very difficult to say that this market correction is already over.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
