HomeNewsBusinessMarketsMarkets close to bottom; 5-10% correction likely: Veda

Markets close to bottom; 5-10% correction likely: Veda

Speaking to CNBC-TV18, Vikas Pershad of Veda Investments said Indian markets close to bottoming out. Though, he added, that there is limited interest in India currently. "We are likely to see correction of 5-10% from current levels," he said.

February 10, 2011 / 16:30 IST
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Yesterday was yet another disastrous session for the markets as they continued to mark new lows. The Nifty dropped below the dreaded 5300 mark to settle at 5253 weighed by mid and small cap stocks.

Speaking to CNBC-TV18, Vikas Pershad of Veda Investments said Indian markets close to bottoming out. Though, he added, that there is limited interest in India currently.
first published: Feb 10, 2011 09:51 am

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