Indian market isn’t doing well these days. For quite sometime, Indian equity market has been witnessing a continuous meltdown. The plunging is so deep that in less than a year the Sensex plummeted to four digits. Today the shares in Sensex are trading at a historic low level. These valautions are irresistible. Yet, the irony is that there are no takers.
One reason for the current fall in the equity market that immediately springs to one’s mind is globalization and the resulting contagion. But once, the financial markets of the developed world are hit by a crises of any sort, its contagion is being felt in the developing market too.
Ironically, this time around, panic is playing havoc in the markets. Fear is after all an emotion that stifles talent. Of course, the real cause of fear is not the event tself but more of the talk about these events and predictions.
A thing is only worth what someone else will pay for it and that ultimately keeps the Market moving and with no buyers are we moving?
