Yesterday it was Wockhardt, a quality management, who's IPO was withdrawn and now its Emaar MGF. It looks like this bearish market sentiment is here to stay for now.Close on the heels of WokhardT Hospitals' IPO withdrawal, Emaar-MGF IPO became another casualty. The joint venture of Dubai's Emaar Properties and India's MGF, has postponed its on-going initial public offering. The fact that QIB has withdrawn from a big IPO of a good company like Emaar MGF is an eye-opener that all is not well in the Indian Primary Markets at present.
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i have not invested in the stock market for a long time now - prefer mutual funds.
Cyberkitty said...
February 11, 2008 at 11:33 AM
For people who hav money and dont hav time to analyse the market prefer mutual funds. Mutual funds too invest in stock market with minimum risk. But for those people who spare time and who dont have enough patience to wait long term choose to trade directly.
STOCK MASTER said...
February 11, 2008 at 10:43 PM