The bank is not far from the consensus estimate of the FY15 GDP at around 5.3 percent, and FY16 GDP around 5.8-6 percent, says Samiran Chakrabarty, Head of Research, Standard Chartered Bank.
Manish Kumar, executive vice president and head of investment at ICICI Prudential Life Insurance, in an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, said the market will continue to remain volatile in the short term; however, there is a possibility that it may climb back to 5200-5400 level.