NEW DELHI: Downplaying the issue of financial developments in America affecting Indian bourses, market regulator SEBI on Thursday said it will not be proper to link volatility in domestic stock markets to US subprime crisis.
"I think to relate movement of indices to one factor, especially when that is an external factor would be over- simplification," SEBI Chairman M Damodaran told reporters to a query if subprime crisis in US was affecting Indian markets.
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Friday, August 10, 2007
Don't worry about market volatility: Damodaran
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