Yesterday despite concerns emanating from Japan as well as the Middle East , markets managed to get away with a modest 1.5% cut and outperform nearly all global markets. Indications are that we have formed a bottom, at least for the short term, in the pre budget sell off and are finding strong support at the current levels. Though markets may not move up also in a hurry but buying emerging at lower levels is a signal that investors can start purchases at the current levels. Stock specific approach is likely to work better.
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