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"Bank of America to acquire Merrill Lynch, Lehman brothers bankrupt",will this affect indain market?
Mon, 09/15/2008 - 23:00 — prethish
i have been hearing this in the news today,any idea how this will affect our sensex...also :) errr who are these Lehman brothers ?
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Indian market has always been dependent on the US cues. If NASDAQ is up SENSEX will be up and so on... Another thing is that the 2 bankrupt behemoths used to recruit people from India and naturally many Indians have lost their job, similarly it affects the Indians in a big way. It is said that the actual effect of recession is yet to come! We can wait and see how many more companies will fall to their knees....