Comments on: Sensex slips below 15,000; Wipro drops http://blogs.reuters.com/moneyonthemarkets/2009/07/22/sensex-slips-below-15000-wipro-drops/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/07/22/sensex-slips-below-15000-wipro-drops/comment-page-1/#comment-130 A.Kapoor Wed, 22 Jul 2009 17:20:01 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=783#comment-130 Markets rose 1,791 points(13.4%)during last week so a drop of 348 points(2.30%)is hardly alarming.Call it a pause or call it profit-booking or correction,markets are looking poised to make a new 52-week high. If Reliance announces an earning surprise in 1Q 2010 results,markets would redo Monday's rise. A spate of new issues starting with Adani Power IPO are ready for subscription.Afterall,Power companies are replacing Realty companies as market's sweethearts.So to get them subscribed,we need to keep sensex buoyant. Markets rose 1,791 points(13.4%)during last week so a drop of 348 points(2.30%)is hardly alarming.Call it a pause or call it profit-booking or correction,markets are looking poised to make a new 52-week high.

If Reliance announces an earning surprise in 1Q 2010 results,markets would redo Monday’s rise.

A spate of new issues starting with Adani Power IPO are ready for subscription.Afterall,Power companies are replacing Realty companies as market’s sweethearts.So to get them subscribed,we need to keep sensex buoyant.

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