Indian market is extending its gains this week giving high hopes to investors that Budget or not, bulls are here to stay. MF Global is bullish on it and feels that it has enough strength left for a much stronger rally. Nifty to even retest 5550-5600 soon as short positions have been covered. Nifty is now at 5430. The Sensex consolidated its gains by further rallying 225 points on Tuesday. The gain was led by heavyweights like Reliance, ONGC, L&T and BHEL. The IIP data announced yesterday was higher than expected, which improved the market sentiment. It further helped that the European markets were also trading firm......
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