Go Ad-Free
    My Alerts
    VICTORIS
    Budget Express 2026

    co-presented by

    • LIC
    • JIO BlackRock

    ASSOCIATE SPONSORS

    • Sunteck
    • SBI
    • Emirates
    • Dezerv
    Parallel Income Plan 2026
    Parallel Income Plan 2026

    Mkts clock smart pullback: Experts foresee another leg down

    Investment advisor Gul Tekchandani says the worst is not over yet. "I think one more leg down—probably 5500 to 5300 and then you can possibly go and pick up from a technical perspective," he predicts.

    January 18, 2011 / 22:17 IST

    The markets clocked a smart pullback rally in trade backed by strong global cues and short covering that helped the indices build on a positive start. Earnings cheer in stocks like TCS and Axis Bank also boosted sentiment. At closing bell, the Nifty stood at 5,724, up 69 points, while the Sensex rallied 209 points to close just short of the 19,100 mark.

    However, according to investment advisor, Gul Tekchandani the worst is not over yet. "I think one more leg down

    first published: Jan 18, 2011 05:15 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseParallel Income Plan 2026