October 5, 2006 8:12am CST
Will Sesex hit a Mark of 14,000 till this year end.
15 Oct 06
I belive the sensex will not hit 14,000 mark this year. The logic which I have is first of all in the month of November & Dececmber the FIIS start pulling out funds as its there financial year end in the month of December. There are tax impacts and capital gain hence the last two months FIIS do profit booking. We all know that when Fiis are selling the market goes for a toss. Also in light of the geopolitical senerio with North Korea in the midst if nuclear tests and sanctions been imposed we might see some politicla instability coming as it may be a spark to an increase in per dollar barrel of petrol. I have a strong notion that after diwali the market is due for atlest a 500 point correction due to market sentiments and techincal analysis of the stock market.