The traders stand around, tell me about the unfairness of the situation, and how the Indian market doesn't deserve to tank like the others. Companies are making money, the economy is robust. The market is not reflecting fundamentals, I am told, again and again.
But then there is a sigh, a shake of the head and reality sinks in. The truth is that India cannot buck the global slowdown and market turbulence.
There is also the political dimension. The traders I met all believed the current stalemate on key policies like the new Goods and Services Tax is extremely harmful. When I asked if they still supported Prime Minister Modi, even those who said they didn't vote for him agreed he should be allowed to get on with the job. The potential for political paralysis is real and they felt it was making a bad situation worse in the market.
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In most financial cities, this is usually the end of the conversation and everyone trudges off more miserable than when they began.
But not at the Bombay Stock Exchange. Oh no. Now the natural Indian ebullience for a trade and a deal kicks back in.
Within minutes I am being exhorted that this is a buying opportunity. The shares in top Indian companies are deeply discounted. India is the fastest growing economy with one of the youngest populations in the world, I am reminded. The traders are agreed: Don't be a fool and miss out!