A Short Leg Up
Debashis Basu on where the stock market is headed 31 December 2009

A new rally has started on the back of fresh foreign portfolio investment  

In our previous issue, I had said, “We have turned neutral but expect a sharp decline soon.” On 11th December, at the time of writing that piece, the Sensex hit a high of 17,352 and immediately came under pressure. Over the next six trading days, it gave up as much as 800 points from that Friday’s high and it...

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