PNB scam + NPAs = Long-term bear market?'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.''Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.''However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta. Illustration: Uttam Ghosh/Rediff.com The Rs 14 billion scam at the Punjab National Bank has dominated headlines ... Rediff.com, 1 month ago |