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Indian stocks set fair
- India: Sunday, December 30 - 2007 at 08:26
Indian stock markets could continue to thrive in 2008 despite fears of an economic slowdown in the US which will impact on a number of global exchanges, reported Gulf News. Domestic carmakers and steel producers are likely to hike their prices thus further boosting profit margins, while a recession in the West could mean several Indian firms could aggressively enter the mergers and acquisitions sector.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 30 - 2007 at 08:26 UAE local time (GMT+4)
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