Posted by: Pradeep | February 15, 2008

Indian bourses

Since Monday the 11th Feb, Indian stock markets have been behaving as if fundamentals have disappeared and FII are pulling out like nothing before. The Reliance Power shares debut also failed miserably, while IPOs in line either got postponed or were pulled out of the shelf. Markets have gone direction less or more like ship in the turbulent sea with failed campass and too many captains with too little experience. The markets fall was abysmal and rise in last 2 days has been mind boggling. What is causing these heart burn reactions in mature market like India? I see there a bigger game plan from certain market makers and things may continue this way for some more time before uni-directional rise again by middle of this year.

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