Markekts may correct 8-10%

Market last week closed on a disastrous note. DAX lost 500 points, while Nifty closed at 5904. Key index closed up 4% for the week.

According to Ajay Srivastava, Dimensions Consulting CEO case inflation and sky-high prices for crude oil was always called with the card. "The government does not respond to higher inflation now," he says, "broader economic factors the graying horizon suddenly say we do not seem brightening." Details