According to India Infoline's Daily Market report, given the crash world over, there are fears that our indices could test lower circuit levels.
India Infoline's Daily Market report:
It's carnage all over as stocks continue to topple on concerns that credit crisis will deepen further. Wednesday's session was no different as lack of confidence and liquidity crunch dominated the headlines with Sensex falling below 11k mark.
Co-ordinated action by major central banks and announcement of US$87bn UK bailout provided some glimmer of hope, but the response to these moves has been disappointing, underlying the weak sentiments The bad news emanating out of global markets are refusing to stop. Even as we live to fight another day, the fact remains that we are in the midst of one of the worst times ever for global equity markets. And the end is nowhere in sight for the moment. Given the crash world over, there are fears that our indices could test lower circuit levels. Just stay away and take a fresh plunge only when the signs get better.
To read the full report click on the attachment......
It's carnage all over as stocks continue to topple on concerns that credit crisis will deepen further. Wednesday's session was no different as lack of confidence and liquidity crunch dominated the headlines with 
