Definitely Indian Stock Market will have the impact. My understanding is that it will fall further from the present level (BSE 18139). In my estimation next it is the turn of Mutual funds who will bear the impact. Many stock brokers and big players have suffered huge losses. The small supports coming at the low levels will vanish in a day or two. Probably the support is extended by Banks or MFs based on funds trickling in from small investors. Small investors will refrain from MFs hereafter or even if they continue, their support is very negligent and minuscule to prop the stock market in a big way. Caution to small investors, stay away from the Stock market and Mutual funds for the time being. Further it is unlikely that the BUDGET will have any incentive or attraction to boost the market. Budget is for reforming the taxation and a streamlining exercise. Nothing can be expected of it. Rather it will have only negatives as per my understanding. So till Budget keep away from Stock market- K.S.Balajee, Chartered Accountant
