In todays paper Warren buffet talking about a scary sub prime loss of around $600 Bn in US. Even in India this scenario can come, But right now i am not able to tell how deep it can be. But there are positive chances of the subrpime losses for our India Banks too. be cautious in the banking sector. many Brokerage houses coming out with buy reports on Banks and Real Estate co.
I would rather tell investors not to Buy any bank and the Real estate co.
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