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'Overbought' Sensex fears
- India: Sunday, September 23 - 2007 at 07:32
Market analysts have said India's benchmark Sensex index is set for a correction after gains over the past month have seen it hit record highs, reported Gulf News. Quarterly results, which are expected to show the impact of higher interest rates and the strengthening rupee, could provide the expected adjustment to a market which is considered 'overbought'. Last week, the bourse broke through the 16,000 points barrier for the first time.
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Jonathan Sheikh-Miller, Deputy EditorSunday, September 23 - 2007 at 07:32 UAE local time (GMT+4)
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