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Fortnightly Market View: Conditional Love
| 14/05/2012 02:39 PM |
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Beliefs about outcomes must be tempered by the underlying conditions. Foreign investors seem to have forgotten that
Even the most positive set of foreign investors must be feeling quite foolish about their love affair with India. At the time of writing, the Sensex is just above 16,000. The first time it hit this level was in September 2007. Almost five years are over and the index of India’s 30 top stocks has not budged much. Those who study market history would know that this is not unusual. A market index can go through a long process of sideways action, ...
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