The China effect finally caught up with Dalal Street, as the market collapsed by over 279 points for the day. The vision of 15000 stays a dream for now. It is too early to write off the bulls but at these levels, the bears have it easy.
The Rupee has been gaining for the past few weeks to the detriment of the IT sector, a major factor in the India growth story. It is time for investor's to wait and watch, while the traders can enjoy the bumpy ride ahead. Just remember to don your bear clothing.
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