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Market may see double-digit correction from here: Gubbi

In an interview to CNBC-TV18, Pramod Gubbi, Director-Institutional Sales at Ambit Capital, said he will look at buying after a 5-10 percent correction and is positive on roads, infra, defence and mining.

May 06, 2015 / 15:14 IST
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The market may see a further downside and a double-digit correction from the current levels won’t be surprising, said Pramod Gubbi, Director-Institutional Sales at Ambit Capital.

Stating that there are no positive triggers in the market now, Gubbi said that investors should be prepared for more volatility now.

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The market witnessed a sudden and sharp fall of around 500 points in 5 minutes in the early trade Wednesday with the Sensex cracking 400 points and Nifty slipping below 8200 mark. 

In an interview to CNBC-TV18, Gubbi said he will look at buying after a 5-10 percent correction and is positive on roads, infra, defence and mining.