Sudip Bandyopadhyay

Group president, Spice Finance

The Dubai debt crisis may have some bearing on

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the stocks of a few financial institutions and construction firms such as Larsen and Toubro and Bank of Baroda. However, we don’t expect any further dip in these stocks as market has already discounted the trigger on Friday’s trading session.

The exposure of Indian financial institutions such as State Bank of India and Bank of Baroda to the troubled firms is modicum. The only impact these companies may see in the near future is the delay in the amount due to them. The debt crises may impact domestic bourses in the short run.

Foreign firms such as Emaar MGF, which were going to come up with their initial public offers in India, may see some further delay. European banks have a significant exposure to Dubai and the crisis may restrict these banks from further exposure in emerging markets such as India.