NIFTY  8,896.70  -0.48%
  SENSEX  28,812.90  -0.28%
 CURRENCY  Rs  66.83/$ 70.65/€, 83.79/£
  GOLD  29,717.00  0.32%
  SILVER  43,440.00  0.20%
  DAX  11,822.70  0.16%
  FTSE  7,253.00  0.13%
  CAC  4,845.18  -0.00%
  HANG SENG  23,925.10  -0.17%
  NIKKEI  19,107.50  -0.91%
  Shanghai Composite  3,228.66  -0.42%
  DOW JONES  20,821.80  0.06%
  NASDAQ  5,845.31  0.17%
  S&P 500  2,367.34  0.15%
SANOFI INDIA Q4 - Net Sales At Rs 552 Cr Vs Rs 522 Cr YoY SANOFI INDIA Q4 - Net Profit At Rs 50.5 Cr Vs Rs 120 Cr YoY

Carnage Much Worse Outside Nifty: Madhusudan Kela

Video:

Play this video

Aug 30: Madhusudan Kela, Chief Investment Strategist at Reliance Capital, says there are about 10 companies holding up the Nifty, which is not reflective of the trouble beyond the index. Large companies with big assets are flailing as debt piles up, he says, adding that total corporate debt surged five times to Rs.20 lakh crore. “When working to rescue the situation, authorities must give growth priority,” he stresses.