'I believe the US Federal Reserve Bank chairman Ben S. Bernanke will come out with a statement
any time to help stop this financial tsunami,' said Jagannadham Thunuguntla, equity head of Nexgen
Capitals Ltd.
IndiaeNews - Sept 15, 2008 - Lehman Brothers collapse to hit stocks, realty and outsourcing
1. Lehman Brothers collapse to hit stocks, realty and outsourcing
Even as global markets tottered under the impact of the buyout of Merrill Lynch and collapse of
Lehman Brothers, the world's third and fourth largest investment banks, the India impact will be
limited, experts said Monday.
'The impact will be limited and restricted to three areas mainly - stock markets, realty and
outsourcing,' a person familiar with Lehman and Merrill's operations in India said on condition of
anonymity.
'A large part of the impact on equity markets has already been discounted by today's slide in Indian
markets,' said Naresh Pachisia, managing director of leading merchant banker and securities
brokerage house, the Kolkata-based SKP Securities Ltd.
'I do not expect any more bad news at least in the next few months,' he said, adding that markets
may fall a little more but should begin to recover once the Indian festive season kicks in.
'This is certainly not good news. It will certainly have a neg