Indian market is facing turbulence on account of domestic woes. Experts and investors are worried that the market may still continue its losing spree.
Akash Prakash of Amansa Capital is expecting more downside from the current levels. In an interview to CNBC-TV18, he said that there might be short-term bounce due to oversold nature. According to him, the market is likely to see another 5-10% correction. "The market is likely to see low single-digit return for 2011 while there is 25-30% probability that the Nifty may go sub-5000. The first half will see reduced flows into emerging markets,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!
