Thursday, January 24, 2008
Bloodbath.....
There were two trading days that investors will take a long time to forget. Fears of recession in the US becoming a reality saw global indices tumble. The worst to get affected in this mayhem was the Indian stock market.
The bears went berserk on Dalal Street creating panic to such an extent that trading in Bombay Stock Exchange’s benchmark Sensex was halted briefly.Realty, oil & gas, banking metal and capital goods counter were the worst hit in today trade and the midcap was also badly hit.Since amongst the badly hit funds , realty funds were also their the India real estate market is also in question.With the fears of recession in the US, the Indian real estate market might also see a slum.Can anyone predict that.What affect this bloodbath at Dalal Street will have at Indian Real Estate Market.Expert comments are welcome.