The market stands vulnerable to the bears. With the slaughter of stocks like S Kumars and Orchid Chemicals yesterday, it is evident that bears are mauling stocks with no pity. The panic on the street stands at the back of consistent worries over shares being pledged.
Talking to CNBC-TV18, experts Deena Mehta, managing director of Asit C Mehta Investments and Sandeep Parekh, founder of Finsec Law Advisors analyse the alarm over the many instances seen through the week. Find: Is there a KP angle to the crash in GTL, S Kumars, Orchid? Mehta says that the concern in the market over instances of financiers offloading some of the pledged stock is genuine. She observes a systematicDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
