As Sensex crashed 807 points to drop below 23,000-mark, its lowest level in 21 months, Congress today accused Prime Minister Narendra Modi of steering the economy "into a crisis".
Two weeks back, Saurabh Mukerjea of Ambit Capital made a dramatic call: that the Sensex could fall to 22,000. He is not revising that call.
Tirthankar Patnaik of Religare Capital advised investors to stick to defensive stocks like IT and pharmaceutical in the current volatile market and avoid bottom fishing.