Sensex rockets 352 pts as bulls go on rampage
The markets bounced back with a 352-point spurt in the Sensex driven by the same factors which had resulted in a bloodbath on Tuesday. The Nasdaq fall and the thorny issue of tax on FIIs had pulled the Sensex down last Tuesday by 361 points.

Markets likely to be very volatile in coming weeks, buy on declines
On Friday April 7, 2000, the BSE Sensex closed the week at 5219 points. The index showed a net gain of 200 points over the close of the previous week.

Short-term outlook will remain good
Last week was one of the most volatile in recent years. In extreme moves, the BSE sensitive index gained 221 points on a weekly basis. In the process, it made a good base at 4600, which becomes a reference point in near future. Unless this level is breached, the short-term outlook for the Sensex will remain good.


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