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Moneylife » Markets » Equities » Fortnightly Market View: More Pain Ahead

Fortnightly Market View: More Pain Ahead

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Debashis Basu | 29/05/2012 11:30 AM | 

The economy will not improve on its own; and this government can’t do much

From a little above 4,700 on 9th June, the Nifty had embarked on a major rally that took the index all the way to 5,621. As happens, the rally came against the backdrop of a dismal global situation and absolutely no improvement in the domestic situation. And yet, in less than two months, foreign institutional investors pumped in billions of dollars into the Indian markets with the hope that the year-long bear market is over. Since price action is an important factor in our analysis, I ...


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