Mkt headed into rough weather; 5000 on the horizon: Expert

It鈥檚 been a rough week, but the market has managed to hold steady amidst the volatility. Strong gains early, on the back of global cues, helpedthe indices post gains for the week, but every rally was met with strong resistance. It was a tug of war between bulls and bears throughout, and the bulls came out on top at the end of the week. But it is still too early to celebrate, as news flow from all corners give little hope for further gains. The industrial output number for June came in much below expectations, wiping out all hopes that the Indian economy was on its way back to stability. Furthermore, deficit monsoons have sparked fears that inflationcould rear its ugly head again. Add to the mix GDP forecast downgrades by ratings agencies, and sentiment in the country isat a low. But there is a ray of hope in between all the negative data. With P Chidambaram heading the Finance Ministry, hopes arethat we will see much needed action on reforms soon. On the back of this, the Sensex