Low Market Share But No Buyers (Indian Market)
by Nothing is Unsaid.
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?
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Post CommentDarla Smith
On November 19, 2008 at 10:55 am
Interesting article.
Westbrook
On November 19, 2008 at 5:46 pm
I am an investor in equities and it is disgusting to see how finicky traders are once some negative news pops out. One of the biggest influences on the markets (worldwide)is the way institutional buyers and sellers respond to the slightest gesture that something may go wrong. Once one begins selling, thinking they are preventing problems down the road, others follow suit, just like sheep following the leader, not knowing for sure where they are going. Next thing you know, panic sets in and then the government tries to help, and then more fear sets in, etc., etc. Don’t get me started on this.
HatedNation
On November 19, 2008 at 5:47 pm
All markets down right now, and the sad part is with record lows this is the time to buy!!! a month ago the NYSE dropped 1100 points in one day, two days later it rose up 900 points, it was not good for those who had investments, but if you bought the day it dropped 1100 point 2 days later you were rolling in it.