May mayhem melts India's markets

India's equity markets lose more than 20% over one week of trading and end Monday marginally up. However, investor confidence may still be down.

IndiaÆs stock markets witnessed a bloodbath last week - with the Sensex crashing from a high of 12,671 on May 11 to touch a low of 9,827 on May 22 in a scant 8 trading sessions. Stock exchanges suspended trading for one hour between noon and one oÆclock yesterday after the market shed more than 10% in the morning.

IndiaÆs stock markets have risen sharply from just under 10,000 at the beginning of the year to cross 12,500. Bears had...

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