20 June 2011

Lack of triggers may take Sensex to 16K


The outlook on the Indian market has worsened in the past few months due to macroeconomic concerns, which have been hindering the growth of the economy. Analysts, however, expect the market to recover at least in the second half of the year.
Speaking to CNBC-TV18, Neelkanth Mishra, head of Equity Strategy India, Credit Suisse, said that the market may continue to languish and next 3-4 quarters will be sluggish for market. “ExpectSensex to dip to 16,000 level,” added Mishra.

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