"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

1. Lehman Brothers collapse to hit stocks, realty and outsourcing
By Arjun Sen, Anuradha Shukla and Varada Bhat, New Delhi/Mumbai, Sep 15 :
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