Super broker Rakesh Jhunjhunwala sounded optimistic while talking about the Indian market weighed against its US counterpart at a recent meeting organised by Shailesh J Mehta School of Management, IIT, Bombay. While analysing the Indian market weighed against its US counterpart, Jhunjhunwala quoted the former US Federal Reserve Chairman Alan Greenspan: “History has not dealt kindly with the aftermath of protracted periods of low-risk premiums.” The super broker feels the going will get tough for the Indian markets for the next few months. This is sad, he said as India has all the ingredients that markets value.
Click here for the full story.
Mr. RJ,We would like to know your opinion, if Indian real estate is going to go bust following the slowdown in the US economy because of sub prime mortgage crisis and also what would be the impact on Indian economy due to a weak dollar.Thanks