The market carnage has been the greatest in the emerging market (EM) currencies, pushing losses beyond the levels experienced during the global financial crisis in 2008.
After two years of decline, securitisation market is looking up, thanks to new investment structures like commercial mortgage-backed securitisation and future-flow securitisation.
China fell back on its major levers to stem the biggest stock market rout since 1996 and a deepening slowdown, cutting interest rates for the fifth time since November.
India’s prospects appear to be stronger than most emerging markets but this cheerful outlook for the economy will not insulate domestic equities from a further selloff by foreign investors.
BSE today ordered suspension of trading in shares of as many as 20 companies, including Austral Coke & Projects and Dunlop India, from August 28 until further notice.