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Not so fast folks – Sensex will drop again – this time slowly
Pradeep Talukdar, India Correspondent
on Business and Finance

The Indian institutional investors jumped into the market thinking Manmohan Sign effect will carry them into heaven while Foreign Institutional Investors backed out. For stock investors, Indian socio economic scenario is not very pretty for the next few years. The heat, the draught, the unholy alliance of power mongers – United Progressive Alliance, the left front factor, the huge oil price, the budget deficit and you have the right recipe for a retest of 3000 in Sensex. From that retest however, market may vault upwards.
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