24 November, 2020

The Bulls Don't Hear The Noise

The market, after initial tremors, bounces back brushing aside all fears. It's business as usual.

The Bulls Don't Hear The Noise

Jalees Ansari, 51, explosive expert who masterminded 31 bombings and is serving a sentence in Ajmer jail will definitely not like what is happening in Mumbai. In his stark statement to the CBI in `93 he had outlined his purpose in life: 

"to pressure the government and the majority community by whatever means, even if it means destruction of life and property to any extent and to terrorise the community, the government and the police".

But it seems even the recent blasts haven't been able to dent the spirit that fills the hearts of Mumbaikars. A day after, business in the city bounced back defying the gravity of the situation.

The biggest concern was the way the financial markets would behave just when the economy had begun to show signs of recovery. The Bombay Stock Exchange's sensitivity index reacted sharply to the news with a dip of 180 points going well below the psychological 4000 mark. The day closed after a subsequent rise of 60 points to 4004. This 120-point fall was the greatest in this calendar year. But on...



To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.

More from Charubala Annuncio

Latest Magazine

November 30, 2020

other articles from the issue

articles from the previous issue

Other magazine section