Ved Prakash Chaturvedi of L&T Finance Holdings explains to CNBC-TV18 that the near-term is the best time for investors to take positions thanks to positive events such as the initiatives announced by the ECB and the Fed. However, Chaturvedi adds, the euphoria is short-lived and calls for government policy initiatives
Growth concerns are what are keeping Indian investors in check as they try and deal with a faltering economy and hold-ups on issues like FDI.
It was a sea of red across trading screens. The markets gave in at the final leg of the session.
Despite RBI's policy on expected lines and flat global cues, the Nifty broke below the 4,700 mark and closed at 4,650. However, experts say this is not the end of the carnage. According to them, the pain is not over yet and the downtrend has been reinforced.
In an interview to CNBC-TV18, market analyst Ved Prakash Chaturvedi gave his perspective on the markets.