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Indian equities markets continued to reel Wednesday from the effects of the US financial tsunami as the
Lehman Bros. collapse led to the biggest crisis in the Russian financial markets in a decade.
Every one knows that the ripple effects of the Lehman collapse will continue to be felt for quite some
more time so the mood is so bad that there are simply no genuine buyers in the markets,' said
Jagannadham Thunuguntla, equity head of the Delhi-based NEXGEN Capitals Ltd.
'In December last year, when the Sensex at 21,000 was at its peak, one share of HDIL was selling at
Rs.1500. Today you can buy shares of almost all the big realty companies included in the BSE realty
index for Rs.1400,' Thunuguntla said.