Monday, October 22, 2007

Many opportunities in the big discount sale, but is anyone buying?

The 1,499 point, 7.9 per cent fall in the Sensex last week hid the even greater 1,744 point, 9.2 per cent intra-day fall on Volatile Wednesday. The Wednesday fall followed Securities and Exchange Board of India’s proposed restrictions on participatory notes, a vehicle global moneybags not wanting to go through the process of registering themselves as foreign institutional investors (FIIs) use to get an India exposure. The week has seen enough critique, debate and discussion on how good or bad it is for such investors to enter through the “front door”.

Opinion in The Indian Express, October 22, 2007

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