Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Don't Panic | Capitalmind

Don't Panic

17 Oct 2007Deepak Shenoy1 min read

Quick Facts

What is "Don't Panic" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 17 October 2007.
How long does this article take to read?: 1 min read

As I speak, the markets are shut on the lower circuit. Last night, SEBI threw out a request for comment for banning p-notes on derivatives, and it seems this has spooked investors. With the Nifty and the Sensex down 10% in less than 10 mins, the market wide circuit breakers kicked in and halted trading for one hour.

Don’t panic. This is not as big a deal as the media, the TV channels and everyone around you is making it out to be. Let it ride - big falls are accompanied by big rises, almost instantly after some “clarifications”. As I’ve said before, this market is looking for a reason to fall, so some overreaction is expected.

Secondly, let’s analyse the paper, shall we? I’ll put that in a different post, as life begins to unwind in the markets again.