In an interview to CNBC-TV18, Regan Homavazir, analyst, Darashaw says one should not refrain from panic selling and adds that the Nifty may hold the 5650 level.
US Treasury Secretary, Timothy Geithner hit back at S&P today. Speaking to CNBC's John Harwood, Geithner said the S&P's move was a terrible error of judgement and reflected utter lack of knowledge on part of the rating agency.
Commodities collapse signals reprieve for U.S. dollar
Panic selling sent Tokyo shares down 12.18% on worries Japan's nuclear crisis would become a catastrophe today, after radiation levels near a quake-stricken nuclear plant surged following explosions and a fire.
As we are heading towards the Union Budget to be announced on February, experts say that it is unlikely to be a game changer. However, Sandeep J Shah, CEO, Sampriti Capital feels that the market upside is 5,600-5,800 but it is not a pre-budget rally.