Markets are half a percent away from a 10% fall for the NSE or National Stock Exchange which will go into circuits if it falls further to 15%, Sensex a mindboggling 1670 points at 2.47pm. It is indeed a record breaking Mkt meltdown – everything is down – 13 in green 1211 in decline, Midcaps down 13% Realty has crashed , Power stocks have crashed, Reliance has crashed, Infosys has crashed down to 14 times next yr earnings, Sbi has also cashed.
Irrational? Crazy? Madness?
Well this is a reality picture of the Indian stock markets for u……chk out the market map
Looks like it is also the beginning of the end of the party for the IPO markets. My worst fears of a big mkt fall just a week ago have come true…