Blasts effects on Stock Market

Another bomb blasts in Mumbai on July 13th evening, there is a sense of fear that investor confidence and sentiment may be impacted beyond repair.


The economic and investment environment, which have been impacted in recent times due to the corruption scandals, will be affected further in the short-term because of the fact that Mumbai and for that matter other key cities in the country, are vulnerable to terrorist attacks from time to time, despite government’s claim of extra-vigil, said market experts and heads of broking firms.


After blasts in the past, market has opened in a positive territory as there are lot of patriotic investors who try to support the market, the blasts won’t have any impact on the economy, Experts said.


After the July 11, 2006 train blasts, the leader Sensex ended higher on the next day at 10,930.09, compared to previous day 10,614.35. Likewise during the serial blasts of 26 November 2008, the Sensex ended higher at 9092.72 the next day, higher from previous close of 9026.72.



The Sensex gained by 184.40 points (1 per cent) to 18,596.02 on Wednesday. FIIs were net buyers to the tune of over Rs 300 crore.

Posted by Anonymous on 11:46 PM. Filed under Bomb Blasts, business, feature, India, Stock Market, Terrorism . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response