UPA sweeps Elections '09; is sub-10K a history?

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UPA sweeps Elections '09; is sub-10K a history?

With the United Progressive Alliance (UPA) leading with a clear majority, it is probably the best case scenario that the stock markets could have ever imagined––there is no Left party, no loose coalition and there is a stable government in place with no shackles for five years. Experts answer if sub-10K is a history.

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The markets could not have asked for more. With the United Progressive Alliance (UPA) gearing up to form the new government, the stock markets in all probability willl rejoice with a resounding rally on Monday. 

Also read: Market verdict: Euphoria to continue on bourses

Sensex bottom now at 12K?

Manish Chokhani of Enam Securities said with the UPA coming to power at the Centre, 12,000 will now become a new bottom. According to him a sub-10,000 level in all likelihood will be history and markets may be looking at a higher band of 12,000-16,000.

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