See 12000 on Sensex before 21000 : Shankar Sharma

by khalid on 19/12/2009 · 0 comments

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The markets have faced huge volatility for the last two years, says Shankar Sharma, Vice Chairman and Joint Managing Director, First Global, adding however, the low volatility period will break in two-three months. “Compared to 2009, 2010 will be tougher for the bulls.” However, he expects to see 12,000 on the Sensex before 21,000.
Being bullish on Pharma, including Ranbaxy and Orchid Chemicals, he says, emerging markets could underperform going ahead. He expects rates to harden more in emerging markets than developed markets.
Though Sharma is bullish on auto as well, he believes that the stocks will fall in market correction.

Source : Money Control

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