The last bull leg of historic global bull market pulling Sensex to 13K - what will happen now?
Preeti Chauhan
Oct. 15, 2006

Sense of better corporate earnings made Sensex zoom 198 points to approach 13K.

The last bull leg of historic global bull market pulling Sensex to 13K.

The index took just 87 trading sessions to recapture the peak scaled on May 10, gaining 42 per cent from a low of 8,924.44 points on June 14. Before that, the Sensex had melted 30 per cent between May 11 and June 14.

The biggest question now is what after this. Oil prices are set to rebound back to $70 level in the next two months. As that happens Indian equity market will definitely go down.

Bigger question is - if and when will massive exodus start in FDI redemption as Western economies show sighs of housing slump and recession.

The last bull leg of historic global bull market pulling Sensex to 13K - what will happen now?
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Sense of better corporate earnings made Sensex zoom 198 points to approach 13K.
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