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Wednesday, April 29, 2009

Market Would Correct 20 - 25% If Election Results Disappoints

Mr. Manish Sonthalia,
Fund Manager, Motilal Oswal Securities


On 28.04.2009 In an interview with CNBC TV 18, He said, If it is outcome of the election is bad, then you would see 20-25% fall in the prices from current level.

The key event would be the election results. By now the market is somewhat factoring in that one of the two major parties should be coming to power and some moderation in the results of the stress test coming out of the US on May 4. The new factor is this flu whether it is going to take pandemic proportions, it is going to be very dangerous.


source: MC

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