With an overall bearish trend in equities, the market value of seven of the top 10 firms fell drastically on the bourses this week.
Angel Broking foresees a bearish market in October. It feels that a correction in the Nifty is likely and it may move towards 5,500 and lower.
Robert Parket of Credit Suisse Asset Management told CNBC-TV18 that the global markets had taken a hit and continues to do so due to the poor macro-economic data. But, he saw recovery in Japan's crucial numbers which are due this week.