Indian market has given bad time to investors losing almost 25% in 2011. Most foreign investors have fled away from Indian soils and there is a growing nervousness after the S&P downgraded nine Euro nations. However, some experts feel that Indian market has domestic positives that may trigger market.
In an interview to CNBC-TV18, Madhusudan Kela, Chief Investment Strategist, Reliance Capital says that thiese lower levels can be used as an entry point. "The market may go to 5,200 and then may come to 4,500 or 4,400 and that will also look a big fall. This bear market would have spend enough time by March-April-May-June so there is that entry point which is what I am looking at," he elaborates. He is pining hopes on the budget as Kela feels that the government will take some bold decisions.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!
