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Will mumbai terror attacks affects Indian markets?

Created by : Jyoti Rath, Sr. Associate, Barclays  | 11 28 2008 05:52:24 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : INDIA Stock Markets Financial Crisis NSE BSE Affects INDIAN Markets Financial Markets Terror Attacks Commodity Markets MUMBAI Terror Attacks MUMBAI Blast
Activity:  513 views;  last activity : 07 06 2010 20:18:09 +0000

Already with global financial crisis the markets are not doing well and in that backdrop we are having another turmoil. Where the markets are heading.....

 

  
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It will not impact. In the previous occasions also the market has risen or not fallen to the extent what people have anticipated. 
By Mallikarjuna Gupta Bhogavalli, Sr. Product Manager, Oracle India Pvt Ltd  12 02 2008 09:21:55 +0000
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Clearly, it will be negative for the sentiment towards India at this point of time, the time when the world is already looking to be highly uncertain in term of its growth prospects. Hotels shares will definitely take beating after that terror attack and in the equity market, we could probably see Indian market running opposed to the rest of Asia.
By Sandip Gunjal, Sr. Associate, Irevna  | 11 28 2008 06:47:09 +0000
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The rupee will weaken sharply & coming at a time when foreigners have been heavy sellers of Indian assets, the attacks raised fears of a steeper fall in the rupee and a further blow to market confidence.
By Sukumar Maity, Sr. Associate, IDBI Bank  | 11 28 2008 06:12:16 +0000
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Already capital markets were shut yesterday & attacks will definitely put an additional strain on nerves frayed by global financial turmoil and a tide of cash pouring out of Indian assets.
By Jyoti Rath, Sr. Associate, Barclays  | 11 28 2008 05:58:15 +0000
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Such terrorist attacks do not have a lasting impact on the market. People have seen this before but yes this is on an order of magnitude worse than what we have seen. That makes the usual comfortable assumption less comfortable, but when suburban train bombings killed 180 people in Mumbai in 2006, the rupee barely blipped while the Bombay stock index fell 1.8 percent but then rallied.

By Prateek Kacker, Sr. Associate,bulls Research  | 12 04 2008 09:13:25 +0000
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Jyothi, as the situation calms down, these attacks might be viewed as an isolated event. Mumbai is no stranger to political violence and markets have usually regarded previous bombings and other attacks with a degree of nonchalance. I just hope that it will be one of the short-lived episodes......
By Karthikeyan P S, Associate, ABN Amro  | 11 28 2008 06:08:07 +0000
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