Declining stock market due to global meltdown, liquidity crunch and worries regarding slowdown in the economy has shaken the confidence everywhere and has swung the mood strongly negative across sectors, companies and regions.
The continuing volatility in the Indian equity markets in the month of August with some intermittent bouts of optimism from positive and negative news flows is keeping the investors at tenterhooks.
The month of July was full of events - UPA winning the trust vote, RBI raising higher then expected CRR and Repo Rates and continuing with its hawkish stance, corporate results for Q1
The stocks have crashed and there is lot of mayhem and confusion in the market. This downfall in the market has jolted the confidence of even the most patient and prudent investor in the market and forcing them to rethink that is the India growth story over.
Though the street had been gearing up for some stormy weather on earnings street where until now the quarter saw strong performances from technology,construction,power, FMCG, telecom and sugar,it hasn't been all sunshine either.
A clutch of depressing macro news both global and domestic has sent India's capital markets, which were experiencing something of a bull run just a quarter ago, into a tailspin.