Moneycontrol
Last Updated : Mar 14, 2011 04:47 PM IST | Source: CNBC-TV18

Japan quake, tsunami won't trigger sell-off here

Markets on Friday erased earlier gains as a massive earthquake and tsunami hit Japan. But overall stock markets seem to have weathered it okay, says CNBC-TV18's managing editor Udayan Mukherjee.


Markets on Friday erased earlier gains as a massive earthquake and tsunami hit Japan. But overall stock markets seem to have weathered it okay, says CNBC-TV18's managing editor Udayan Mukherjee. "There is a bit of red across the global screen and of course a lot in Japan but otherwise the stock market seems to be taking the tragedy in its stride. There has not been a massive sell-off or anything like that and crude has cool down a bit."


It's uncertain, he says. "Sentiment cannot be great but we are probably not staring at a major sell-off or anything like that as we wade into another critical week of trade which has a monetary policy pitted in the middle as well."

Here is a verbatim transcript of Udayan Mukherjee

First Published on Mar 14, 2011 08:20 am
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