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Is Indian Stock Market out of Woods?

Indian markets have risen 19% in a short span of time and same is attributable to stratospheric rise in global markets which was hopeful of Greek bail out.

However we need to be careful as correct future course of Nifty is likely to be determined by state assembly election results which are due in next week and Indian Union Budget 2012 which would give the direction to the economy. Govt has a strong monster in form of fiscal deficit to deal to kick start the economy.

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