The Indian market has been jittery due to global as well as domestic issues. KR Bharat, managing director of Advent Advisors says, the worst is not over yet. He feels it is just the beginning of the slowdown and there is more downside to come.
He advises investors to be in cash and out of equities. Also read: Mkt still on thin ice; may see 4500 by Dec end, says P Lilladher Below is the edited transcript of his interview with Latha Venkatesh and Ekta Batra of CNBC-TV18. Also watch the accompanying video. Q: The macro numbers are with you and we have just passed a second quarter which resulted in a whole host of earnings downgrade. Do we still find a bottom at 4,700 or are you with some people who believe that this is just the beginning of the slowdown and much more to come? A: I do think there is more to come. I have had my own view for the last year-and-a-half. I think half the problem is the fact that we are in denial mode, both across the globe as well as here in India. In India, I think we still have theDiscover 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!
