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Market unlikely to sink below 5000-4950: Angel Broking

Lalit Thakkar, managing director, Angel Broking said the market is unlikely to go below the levels of 5000-4950. "The G-7 nations are going to be together to see that there is no turmoil in the economies," added Thakkar.

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The Indian market has witnessed extreme volatility due to US rating downgrade. The BSE Sensex has touched the 17,000-mark, while the NSE Nifty has just recovered from the 5100 level. Speaking to CNBC-TV18

TAGS: #Angel Broking #BSE #G-7 nations #Indian market #Lalit Thakkar #MARKET OUTLOOK #Nifty #NSE #Sensex #US rating downgrade

first published: Aug 8, 2011 01:15 pm

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