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We have maintained that the Sensex would generally remain range-bound within 13,500 and 15,500. At the time of writing (16th September), the Sensex closed at 13,519, after several days of huge declines on the news of the collapse of the US investment bank Lehman Brothers and the realisation that the US financial crisis may run deeper. However, in India, on 15th September, even though the...
