Lehman Brothers collapse to hit stocks, realty and
outsourcing
Posted: 8:52p.m IST, September 15, 2008
New Delhi/Mumbai, Sep 15 (IANS) Even as global markets tottered under the impact of the buyout of Merrill Lynch
and collapse of Lehman Brothers, the world's third and fourth largest investment banks, the India impact will be
limited, experts said Monday.
'The impact will be limited and restricted to three areas mainly - stock markets, realty and outsourcing,' a person
familiar with Lehman and Merrill's operations in India said on condition of anonymity.
'A large part of the impact on equity markets has already been discounted by today's slide in Indian markets,' said
Naresh Pachisia, managing director of leading merchant banker and securities brokerage house, the Kolkata-based
SKP Securities Ltd.
'I do not expect any more bad news at least in the next few months,' he said, adding that markets may fall a little
more but should begin to recover once the Indian festive season k