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Economic headwinds may cause 7-10% downside: UBS Sec (3) 28-Jun-08 14:59

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Posted by: MMB Messenger on ( 28-Jun-08 14:59 )
Price : BSE: Rs 1707.60 ( -4.17 % ), NSE: Rs. 1705.45 ( -4.46 % )
Manishi Ray Chaudhuri of UBS Securities feels that 14000 in the short-term was earlier predicted. But this prediction was made without anticipating some fundamental indicators like inflation at 11-12%, high oil prices etc. According to him, if the economic headwinds continue more downside is seen in the markets.

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