Moneycontrol
HomeNewsBusinessMarketsSome more downside left in the market: Farewealth Sec

Some more downside left in the market: Farewealth Sec

Sharmila Joshi, Head of Equities, Farewealth Securities says, it does look like there is a bit of sell off left in the market.

February 11, 2011 / 23:14 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Sharmila Joshi, Head of Equities, Farewealth Securities says, it does look like there is a bit of sell off left in the market. 

She is bullish on Tata Motors. She advices buying the stock below Rs 1,000.

In the infrastructure space, she likes GMR Infra.

Below is a verbatim transcript of her interview with CNBC-TV18's Latha Venkatesh and Sonia Shenoy. Also watch the accompanying video.

Q: Everyday we live in hope that the markets will recover, but no such recovery is on board as of now. What is your sense on the kind of depreciation that stocks have seen and do you expect to see some more?

A: Given the fact that the way last Friday played out, this week has been pretty much a week where we have broken level after level on almost every preceding day. So, given that, it does look like there is a bit of sell off left and definitely I don

first published: Feb 11, 2011 02:32 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!