Next Nifty level to watch for is 4950: Expert
By Prashant R Nair, Devina Menon | Published On: May 04, 2012 14:45 (IST) | Duration: 5 min, 19 sec
Anil Manghnani, Director of Modern Shares & Stock Brokers says that real panic is starting to set in with complete breakdown of index and crossing of various important support levels like 5150 and 5080. The poor performance by banking shares started with the S&P downgrade of banks along with overall weak sentiment, he adds. "Markets need clarity from government on GAAR, reforms, rupee, fiscal deficit," Manghnani says.