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A Tale of Two Friends

  • Anup Bansal
  • Apr 15 2018
Estimated reading time: 2 minutes 36 seconds

Sensex fell by 410 points on Friday, March 23rd, 2018 - a more than five-month low according to one news headline. Since Jan 29, 2018, when the Sensex (36,283) and Nifty (11,130) indices touched their highest level ever, the Indian market has corrected by 10%. Besides several domestic reasons - BJP loss in UP bypoll elections, TDP pulling out of the NDA combine, Rs.11,000 crore fraud in the Indian banking sector, LTCG tax etc. - being attributed to the market fall, fears of global trade war due to...

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