General Motors Corp (GM) Bankruptcy Filing Effect on SENSEX and Stocks Prices

May 28, 2009

General Motors (GM) bankruptcy filing will be the biggest bankruptcy filing in the USA.  GM has currently 90,000 U.S. employees.

Auto sector stocks in Indian stock market will see sharp dip for few days. There is no sign for more income in near future in Indian Auto Sector. GM bankruptcy filling will make people away from auto stocks in SENSEX and Nifty.

Avoid investment in TATA Motors for two month.  TATA motor price is  overvalued now. It is currently trading at level 345 Rs. In March its price was around 138 Rs.

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