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Stay away from auto, realty and oil stocks: Mehraboon Irani

Mehraboon Irani is bearish on oil PSUs due to inefficieny of government to take any bold steps since last one one-and-half months and therefore, he is negative on Oil and Natural Gas Corporation (ONGC) after the company‘s net profit slumped 34 percent.
Emkay Global sees more downside to market than 4700

Speaking to CNBC-TV18, Anish Damania, business head - institutional equity of Emkay Global Financial Services says that the market has not bottomed out yet as global headwinds could possibly hurl it further down from previously seen lows of 4700.

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