Friday, July 27, 2007

Sea of Red on Stock Markets across the globe

Almost a no-brainer that the Indian equity juggernaut will receive a jolt today. Equity markets in India held on nicely in the last two days. That, I think was primarily because of yesterday's expiry on the F&O market. As the top traded options were primarily put options they had to expire worthless and they did. Read my previous blog entry on this.

But with the new expiry beginning today, markets are quite vulnerable to global shocks....and today is likely to one of those days. Hang on to your seats as we see volatility take centre stage over the next few sessions.

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