Sensex likely to bounce back; may regain 19,500-mark?
Posted Date: 28-Nov-2010
Shijo Paul K
The Bombay Stock Exchange benchmark Sensex, which witnessed a steep decline of over four per cent in last four trading sessions, is likely to rebound in the coming week
The Bombay Stock Exchange benchmark Sensex, which witnessed a steep decline of over four per cent in last four trading sessions, is likely to rebound in the coming week with a gain of 350-400 points on stock-specific buying, feel marketmen.
Crisis in Ireland and South Korea and a string of scams, including 2G spectrum row and housing loan racket, has seen the Sensex plummeting by 4.11 per cent or 820 points to settle at 19,136.61,in just four trading sessions, triggered by the massive sell-off in the banking and realty counters.
Besides, market can also get support from fresh investments, as the domestic institutions and new foreign institutions may enter the market, trying to catch the bottom
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