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At 10:39 hours IST - equity benchmarks extended losses today, led by fall in auto, metal, capital goods, cement and financial companies' shares along with heavyweights Reliance Industries, HUL and Bharti Airtel. The Sensex broke 20100 level while the Nifty was slipping towards 6000 level.
According to Vallabh Bhansali, Chairman of Enam Securities, India is not overstretched but not attractive either. He is concerned that Indian markets are currently tricky and progress in South America and Asia may reduce premium for India.
He reiterated,
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