Sensex ends up at 16,480 – what’s next?
Ashish Kadakia
Apr. 17, 2008

Sensex moved in a range of 174 points between 16,397 (low) and 16,571 (high) before finally settling (provisional) with a gain of 235 points at 16,480.

The undertone in the market is suspicious. The native operators are skeptical of western financial institutions that are trying to make big market moves to eliminate indigenous financial institutions and brokers through price volatility.

India faces severe commodity and wage inflation. The uncontrolled inflation and recession in America is affecting the export sectors. The outsourcing sector is in the mood to fire employees instead of hiring more employees.

India may be headed for a depression based on stock market performance, government’s inability to control inflation and above all the debt level of consumers and the government.

Sensex ends up at 16,480 – what’s next?
Ashish Kadakia
Sensex moved in a range of 174 points between 16,397 (low) and 16,571 (high) before finally settling (provisional) with a gain of 235 points at 16,480.
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