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To say that the Indian markets
will turn the corner any day and regain their previous boom levels will be a mistake.
There is no evidence to suggest that the bad times are over. Indications in
fact point that what we are seeing now in the economy will last for a few more
months at least. The movements of the Sensex and the Nifty are merely
reflections of our own economy and sheds crucial insight into the markets and
economies of not only India but the world.