LIC housing finance scam

2g spectrum scam is still under investigation amid logjam in parliamnet and loads of negative news, today CBI has unearthed a major housing finance racket leading to the arrest of CEO of LIC housing finance and top officials of public sector banks.
 
The news of the scam spreaded like forest fire and stock market tumbled giving an indication that the market will open with a negative note and pancik selling may occur in stocks of LIC housing finance, DB relaity, canara bank, PNB,money matter.
 
It may be good time for short selling the above stock with a targeted stop loss.
 
Though it is not a large-scale scam it may still affect the market nagatively, it is an indvidual case of bribery. the CBI arrested LIC Housing Finance CEO Ramachandran Nair and seven others senior bank officials in connection with a housing finance racket  
 
Sell Nifty call dec
 
Short Sell stocks of the related companies in connection with the scam

 Sell NIFTY future



By Dipti Prasad Padhi

By : | Category : Business and Economy| Date : November 11,2011

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