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Sulekha - Sept 17, 2008 - Markets reel as Lehman collapse sends Russian Markets crashing

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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.

Published in: Economy & Finance, Business
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Sulekha - Sept 17, 2008 - Markets reel as Lehman collapse sends Russian Markets crashing

  1. 1. Markets reel as Lehman collapse sends Russian markets crashing posted 2 days ago | 26 Views | View Source: Indo Asian News Service Mumbai, Sep 17 (IANS) 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. Trading on the rouble-denominated Micex Stock Exchange was suspended indefinitely at 12:10 p.m. Wednesday for the second consecutive day after its index plunged by 10 percent within an hour into trading after wiping out a 7.6 percent gain at the opening. Trading on Micex was suspended Tuesday as well after its index fell 17 percent in one day, the biggest drop since the sovereign debt default by the Russian government and currency crash ten years ago. '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 t

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