Market Outlook - 18th Dec 08

After a brief relief rally from 8,701 (week ended 24th October) to 9,964 (week ended 7th November), the Sensex declined again. At the time of writing, the index stands at 9026.72. We had mentioned that the rally that we were witnessing was a false one, and the index was likely to come down. This is what happened. Even if the market rallies again now, it may be a false one. Given the recent...

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