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FIIs likely to book profit on stretched valuations

Posted on: May 26th 2009 in Market Outlook.

Fundamentals don’t justify such high valuations, feel analysts.After pushing up the Bombay Stock Exchange Sensitive Index, or Sensex, from 8,100 to 14,000 since March 9, foreign institutional investors (FIIs) could be looking to book some profits in the coming days. The reason: valuatio…

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