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NSE&BSE Market View 21/05/2009


We have lots of confusion around it. Today, I expect further consolidation. Global cues are negative today and Crude oil touched $62 per barrel. The secnario not change for global markets. Global industrialised economies are yet to turn the corner.
Making a fresh entry at this juncture should be done in smaller quantities. Gradual buying is recomended on every meaningful dips to reap a bumper harvest over the medim term.
Some of our economic news:
  1. Divestment plan is the frist thought to power ministry.
  2. LIC to invest Rs500bn into euity markets
  3. SEZ exportd profits likely to get full income tax exemption from august onwards.
  4. India's steel demand may grow by up to 10% in current financial year.

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