At 15,515, the BSE Sensex may not have breached March 2008 lows but many large cap stocks have.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The breadth has been bad and important technical levels have been broken, especially the 4600 level for the Nifty which closed at 4586. Not surprisingly, mid-caps have taken it on the chin, falling by over 3 per cent. 
</p><p class='TableClas'>The markets are only reflecting investors&#39; concerns about the worsening macro-economic situation

The market`s not cheap yet

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