Look at ICICI Bank, says R Sreesankar

R Sreesankar of Prabhudas Lilladher told CNBC-TV18, "Banking sector has run up well ahead of the results, so you have seen a very sharp run up in most of the banking stocks. The Bank Nifty is also corrected from the top that it had reached. Then individually some of these stocks will continue to see some pressure, because you are not clearly seeing any visibility in terms of whether the problems are over.""The bank like ICICI Bank had also announced a watch list of something like Rs 54,000 crore worth of assets, so you keep on seeing certain slippages and there is a guidance which is given that certain amount of slippages will be seen. So till the time the markets more confident of whether we have seen the worst of these things, plus worst of the slippages, plus if we start to see much more visibility in terms of a better growth, a lesser slippages, markets will probably move sideways and till the time a new investor comes in it is going to be difficult, so 10 percent correction a good correction, probably one needs to have start looking into it," he added.