On the likely levels of where the market is headed from here, Duggad said, "If we assume that the same multiples continue for FY25, we are basically talking somewhere about 22,500 to 23,000 kind of fundamental level for Nifty."
The structure is extremely sold in Nifty, said IIFL’s Sriram Velayudhan
Sanju Verma CEO, Violet Arc Global Managers expects the earnings to be muted for the next one two quarters but post that one could see change in earnings momentum.
Rajen Shah, chief investment officer at Angel Broking tells CNBC-TV18 that domestic factors seem quite grim for the market. "Ideally, we should have been trading further down on the Sensex at near 14500 levels, and therefore, a market bottom is possibly there, 10-15% down from current levels," he says.