equityresearch
Equity Research
Indian equities as well as global markets melted on Dubai's debt crisis. The markets feared that this debt default could affect other countries as they are trying to recover from global meltdown. After a high volatile session The Sensex recovered 421 points, before closing at 16,632 down 223 points or 1.32%. The NSE Nifty fell 64 points or 1.27%, to settle at 4,941, after seeing recovery of 135 points from day's low of 4,806. India infrastructure companies especially having exposure to the Dubai economy and its once booming real estate business saw selling pressure.