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Indian Stocks to Correct Another 5-10%: Director

Monday, 17 Aug 2009 | 5:10 AM ET

India celebrated its 63rd Independence Day anniversary over the weekend. The Bombay Sensex index fell 4.1% Monday. Aadil Ebrahim from Bazargate Consultants told CNBC "we're probably looking at a peak-to-trough market correction of 15-20% which would bring back the market to saner levels."