Equity calls: Parambi, Vora, Shah

Paul Parambi, Kotak Mahindra Bk: The market is not showing any direction and there is no conviction amongst investors to invest in the short-term. There is lot of money waiting on the sidelines but inflation and fiscal deficit continue to be a big concern. I see maximum 10% downside from current levels.

Mihir Vora, HSBC Asset Management: The market may remain voaltile for the next 3-6 months and is likely to hit January lows going forward. High crude, inflation and fiscal deficit condition continue to be key concerns for India.

Nilesh Shah, ICICI Pru MF: The market has lost momentum for at least 6 months now and I don't expect a big recovery till the next election. I would advise investors to stay away from the market.