08 August 2011

Market may stabilise soon.......

By Moneycontrol


Experts are not so worried on Indian market, even though globally panic and nervousness has gripped investors’ sentiments. Most experts feel that Indian market are still looking attractive and hence will sail through the turbulence.
Ramesh Damani, Member, Bombay Stock Exchange is also not expecting major panic in market. In an interview to CNBC-TV18, he said that though there is likely to be a knew jerk reaction, the market may stabilise soon.
“I do not see 2008 kind of crisis. The Nifty is likely to hold 5000,” he added.

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