On 11Th January 2011, I had written in my article "Stock market India : correcting now, what's next?", about further correction in Indian stock markets. SENSEX was at 19,196 that time, I had mentioned 18,500 to 18000 levels for correction. We are at 18396 today, have we reached the bottom yet?As far as SENSEX earnings levels goes, right now, at 18,396 we are near to the 16 multiple of earnings

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