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We had predicted that "BSE Sensex
can witness a sudden upsurge from 13th December 1996 for a
very short time, till Christmas holidays".
The most important point to note here is that market was totally gloomy
in the first week of December and our prediction
(made one month ahead) of sudden upsurge from 13th Dec.'96
was against
anticipations of all stock analysts
who were
expecting
new bottoms for the Sensex in the coming weeks. |
"Economic Times" dated 12th
Dec.1996 screamed on it's front
page:
Sensex shoots up 143 points, from
2798.57 to 2941.36, in a single
day (5.11% rise in a single day),
after Prime Minister's promise'
that the Govt. will
review the controversial "Minimum
Alternate Tax" (MAT) on companies
before next budget. |
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