India Investment, Stocks, Credit Card and Retail Forum

Investments in Indian Equity and Research => India Stocks and Shares => Topic started by: chetan on December 19, 2011, 11:22:16 AM

Title: BSE Sensex Target 12000 - INR 60 vs Dollar - CLSA
Post by: chetan on December 19, 2011, 11:22:16 AM

CLSA's Chris Wood in a report shook the market. He said,

Quote

At this point, with the RBI hamstrung by stubbornly strong non-food core inflation, a violent selloff down to the 11,000-12,000 levels on the Sensex, combined with a further depreciation in the rupee to the Rs60/US$ level, now appears quite possible; most particularly in the context of any potential euroquake.