15 Jul 08 Sensex Down in the dumps – Crashes below 13000

The Indian stock markets continued their downtrend signalling the end to the short relief rally witnessed last week. SENSEX hit the 52 week low and crashed by about 5% to fall below the 13000 level. Though these levels seem very cheap, its better to stay away from the market till the sentiments improve. As they sa, never try to catch a falling kniwfe. Wait and buy once the market enters the oversold zone.

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