Can see fresh selling if US Fed gives a -ve surprise: Expert

Stretching yesterday's gains, benchmark indices Nifty and Sensex finished the week in green. Nifty was up 14.90 points and closed at 8261 and Sensex ended at 26747, up 52.90.

We hope that the market has seen the bottom but the fact that US Fed meet might pack a surprise and if the surprise is on the negative side, the market could see a fresh bout of selling, says market expert Sudip Bandyopadhyay.

While staying on the back-foot, Bandopadhya said that he won't go overboard on buying stocks across the board and will continue selective approach while buying stocks.

In the same interview, market expert Ashwani Gujral said that bank stocks have just started an uptrend and are likely to outperform. Banks now need to participate in the rally for Nifty to move higher, he said.