Stock ‘boom’!

Bomb blasts improve index!!!
This one has us foxed as well! What do you think should happen to stock markets after any bomb blast? They should tank and plunge, right? Wrong! In a shocking and eye-opening analysis of 11 major bomb blast instances from the March 1993 Mumbai serial blasts to the recent August 2007 Hyderabad blast, when the whole of India came to standstill, B&E was taken aback to find out that stock markets regularly showed their utterly tasteless and morbid response to these blasts by going against the general sentiments and actually going up! Moving in the reverse chronological order – Hyderabad bomb blast on August 25, 2007 made the Sensex gain a massive 418 points the next working day itself; May 18, 2007, a blast in IT hub Hyderabad made the markets zoom up by 115 points; July 11, 2006, a sickening train blast in India’s commercial capital – Mumbai – left 187 dead.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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