Is the Market Anticipating a Recovery, Now That Everyone Knows the Bad News?
The Indian market indices are, once again, trying to break out. In the first round, the Sensex rallied from around 25,600 on 24th March to almost 33,900 on 30th April, a rise of 32%, as an imitation act of the rally in the US market, and also on expectations of a fiscal stimulus. Then, the market fell about 11%, over the next one month or so. This was because a stimulus package wasn’t...
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