The volatility witnessed in the market yesterday, after geopolitical concerns and worries of rising macro-economic instability, led to some "cleansing" in market sentiment and will help it start afresh in October, says Tushar Mahajan, Head of Listed Futures & Options - India, Nomura.
With the Nifty selling off big today, it settled close to 8,350, neatly breaking the crucial 8,400 level that has served as a key level in the past few months.
IT, metals, banking, capital goods, realty and banking were the best performing shares of the day with the respective sectoral indices gaining over 1 percent each.
Watch the interview of Hemant Thukral of Aditya Birla Money with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Amar Ambani of IIFL says it maybe futile to wait for any fall right now, as there isn‘t much negative material to impact the market on the downside.