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Bears maul sensex on inflation concerns

Global financial majors, who until recently viewed India as a safe investment decision, are having second thoughts. UBS, in its latest India Market Strategy report, said domestic markets could fall further in the range of 10-15 per cent, and that the benchmark BSE Sensex could find support only at 15,000 points. This comes close on the heels of Bank of America Merrill Lynch predicting a flat year ahead for the Indian equity market on account of selling by foreign investors. According to data available with markets regulator Sebi, foreign institutional investors have net sold Indian equities ...