After a good Diwali, a brief correction in the Indian stock market has been in the process of being completed. It is expected to touch new heights as soon as brief correction is over. In first spell, the sensex may cross 18000 mark decisively. This is expected to happen in next 1-2 months.Then it will be natural to book profit and sensex would hover around that mark for quite sometime before moving to next landmark 19000 which will be in the end of Dec. 09.
The sector which looks most promising for quite some time is IT. Most of the Indian companies has posted handsome gain in profits (20- 60%) and revenue growth (YoY).
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