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This article is about a mail which I received few days above stating the resemblance between 1929 US recession to 2010 dow jones trends, at the same time all the major indices (BSE, NSE, FTSE, CAC, DJ) round the globe started collapsing….
The Indian stock market took a breather from its two- week rally in the past week to close with a negative undertone amid profit booking at the higher levels. It was a short week, as the market remained closed on Monday. The start of the week was on a positive note
The Indian market maintained a positive sentiment during last week. Last week was important as both the indices (Sensex and Nifty) breached their recent high and made a fresh high of 16435 and 4889 respectively for 2009
The market remained extremely choppy and range bound for the previous week except on the last trading day. Both indices started the week with a weak undertone on negative sentiments across the globe. After showing weakness for a couple of days the market bounced back sharply on Friday
The previous weeks trend remained mixed for the market. After a huge sell off on Monday’s trade, it witnessed range bound trade for the remaining three days. However markets saw a sharp rebound on the last day of the week to close marginally lower on a week on week basis.