Market likely to go down further; expect strength in IT, auto and capital goods: Gautam Shah
“In the good times when world equities were doing well, India did not participate and now as world markets are turning weak and wobbly, India is again turning out to be an underperformer. It is going to get a lot worse before it gets better. The next stop is around the Budget day low of around 17,350 but the chances of even that getting broken are pretty high.”
