Sensex can go below 10,000: Sharma
The Sensex, which rose a little more than 700 points, or 5.4%, on Wednesday, surrendered a large part of its gain and lost 4.18%, or 570 points, to close at 13,094.11 on selling pressure
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in the month of Dec 07, when the markets were ruling at all time highs, Shankar Sharmaji came on CNBC and said that our markets could touch 30000 and would command a PE multiple equivalent to the Chinese markets. Today he feels that Indian markets are doomed to go below 10000 levels. I dont think he believes in what he says and is just fooling retail investors who take such people at their face value. We would request investors to apply common sense before investing and not believ in such biased and fabricated opinions.
vasant