BSE Plunges For 5th Day As Brokers Cut Targets And Regulators Intensify Scrutiny
The Bombay Stock Exchange (BSE) crashed today as prices fell for the fifth consecutive day. Concerns surrounding target cuts and increasing regulatory heat have scared off investors, leading to a big sell-off. Target Cuts Scare Investors Major brokerages have trimmed their target prices for many BSE-listed stocks in the last few days, citing weaker-than-expected earnings…