Is it a coincidence / bad luck / planned move that everytime a Reliance IPO comes market crashes.
11.05.06 Reliance Petroleum (RPL) was listed which coincidently was the day the May 06 crash began, now 15.01.08 after the Ipo of Reliance power got fully subscribed, the crash began...
Very obvious that along with the operators the Ambani's held the market, till there IPO...
I am not saying that world market had nothing to do with it, but we corrected along with world in feb 07 & July 07, but the magnitude became excessive of the correction cause they were held on artificially for some time...
On the lighter side maybe the world sends all its funds to the ipo thus causing the crash...
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It is the time to think globally. I have seen people balming reliance, anil or even finance minister. Certainly they have a role to play but they don't govern the US recession, sub-prime crisis, Bush's $140 bn package shortfall or even Europe's market crash. It is the damn FII who governs indian market.
Hi Sandeep, you are right, but if you see my 1st post you will know that in Dec 07 I had explained that we will catch up with the world since the metals / US & Europe were already starting the slide, that time everyone talked about resilience.
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