As mentioned in an earlier article it is simply bad management and each one trying to blame the other. Even the international experts and analysts are confused and the press duly reports the analysis by experts whose opinions are contrary to say the least and after reading the reports one wonders as to what is being said and by whom. Elections in India are now certain and the stock markets have discounted this possibility. In fact one direct fallout of the economic reforms which everybody seems to have missed out is that the stock exchange administration have become stable and fortunately no major crisis has erupted. The future movements in the stock markets can be guessed only after the results of the elections and the stability of the government and its policies which will be announced.
Lets wait and see what happens and then decide the future course of action.
Arjun C. Marphatia is the Chief Executive Officer of a leading Stock Broking Company and the views expressed here are his own and not necessarily of the organization he is employed with.