Since last few days the volumes in the Indian markets have been very lously. Volumes for both the Exchange are less then Rs10,000 Cr. It seems that DII's and even FII's are not having interest in the Indian markets. The Satyam still continues this week also. Major of the Satyam and the Maytas orders have been canceled. Major contracts on hold. Rumours in the mkts that, there may be many more companies in India that have been doing the same things. Real Estate company's books may under the scanner. Today there were rumours that Educomp is the company after that Satyam that have done the same thing. Unitech have rescheduled its loan amount. They are looking forward to raise new funds buy selling stake or their private properties or fresh loan. The funniest things is that they are raising money via loan to pay back the previous loan. How are they goning to make the payments. Sobha developers were in the news that the company is facing the financial crisis. No clarity has been so far from the management.
Technically the Nifty is taking goos support at the 2750 levels but the volumes are very very less. and 2850 levels seems to be a tough reisistance levels