 "BSE, Markets")
A year after a rare default in India’s credit market led to its mini-Lehman moment, several shadow banks in the country, its oldest surviving private airline and the parent company of its biggest television broadcaster are still reeling.
The fear which erased more than Rs 1 trillion ($14.4 billion) in market capitalisation of the 11 worst-hit firms is refusing to ebb.
A custom index of shares of these 11 companies—ranging from Dewan Housing Finance Corp. to Reliance Capital Ltd.—has slumped 54 per cent since June compared with the S&P BSE Sensex’s 12 per cent advance.
Risk aversion in the
