Key Points
Indian markets are shielded from the global financial crisis as domestic banks adhere to stringent asset quality norms, according to Helios Capital's Samir Arora...
"If we have these mark-to-market issues, how much is the current loss relative to equity, and that would supposedly be 6-7%, whereas many of these banks have effectively lost 100% of their equity even if bonds held to maturity are counted," he said.. Credit Suisse Rescue Puts The Financial Crisis On Hold, Say Analysts..
The volatility in Indian markets emanating from the global banking crisis will likely settle down in a week or two, Arora said...
The inflows due to the 'China Plus One' strategy, the rise in manufacturing capacity, the strength of the banks, and even the improving current account deficit are playing out to India's benefit, Arora said.. Indian IT Sector GuidanceTo Disappoint..
sector is feeling the heat of the global banking crisis on account of the substantial contribution the BFSI vertical makes towards domestic tech players' businesses, Arora said.. "Indian I.T. is the worst place because, on one end, we say 40% is BFSI, and those BFSI guys today are not going to talk about new I.T..
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