The Sensex came back above 18000, releasing minor celebrations and hope for the new series as the India Indices continue their downward MArch for the next investment rush. Inflation did not help as WPI for food articles was up 8.55% compared to 7.5% last week and Primary Articles and Fuel both 12 and 12.4% respectively continuing the higher trend that makes sure companies will be passing on costs to the consumer now.

Auto sales for 2011 are likely to grow in double digits but not the secular 25-30% growth we got used to last year, while many hope for Diesel and Kerosene decontrol as subsidies block enterprise and bankrupt government corporations in a $100 crude economy that is here to stay

Sensex trends downward yet along with strictures on the NSE in currency derivatives making this a year of corrections and a year that might bring new gifts for Value investors in India and China

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