Commenting on the current market situation, Amar Ambani, Head of Research, IIFL said, “After going through a deeper cut on Tuesday, indices managed to smartly recoup some losses. However, Wednesday’s session just increases the uncertainty in the short term trend. Volatility could increase again on Thursday on account of F&O expiry. Headwinds like weakening rupee and slowdown in China will remain issues investors will have to deal with in the near term.”