ot only India, but global markets as a whole are
wading into a deep and vicious bear market. Given the kind of fall seen
in Indian shares in the last few sessions, one should be prepared for something more serious in next few months , cautions Shankar Sharma of First Global.
“It is going to be a global bear market and not just an emerging bear market because things like Cyprus are no less worse than a Lehman. This bear market is like a wiper snake which causes a very painful death. I don’t think this is a slow death; this is going to be a very prolonged, but extremely painful. It is not going to be easy drifting down kind of bear market,” he said in an interview to CNBC-TV18.
India’s macro economic scenario is unlikely to improve soon and corporate earnings are seen weak this next year. Continuing his bearish tone, he said, the Sensex is likely to crash from the current 18,500 levels all the way down t
“It is going to be a global bear market and not just an emerging bear market because things like Cyprus are no less worse than a Lehman. This bear market is like a wiper snake which causes a very painful death. I don’t think this is a slow death; this is going to be a very prolonged, but extremely painful. It is not going to be easy drifting down kind of bear market,” he said in an interview to CNBC-TV18.
India’s macro economic scenario is unlikely to improve soon and corporate earnings are seen weak this next year. Continuing his bearish tone, he said, the Sensex is likely to crash from the current 18,500 levels all the way down t
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