Markets likely to continue wobbleBS Reporter / Mumbai October 21, 2007The stock markets may well remain wobbly as they head into a new week, carrying over last week's confusion surrounding the proposed curbs on participatory notes (P-note). A a video conference between the Securities and Exchange Board of India and leading foreign investors after close of trade on Monday may, however, provide much-needed clarity and, hopefully, bring stability back to the markets, dealers said.P-notes, an offshore derivative instrument which has Indian stocks as underlying, are issued by FIIs to anonymous overseas investors. More than 30% of the capital inflows into the country
