Ambit Capital sees Sensex plunging to 22,000 in near term
Weak corporate earnings as well as low investments by foreign investors into India-focused funds could bring down the Sensex in the near term, its Chief Executive for Institutional Equities Saurabh Mukherjea said.
Mumbai Last Updated: January 15, 2016 | 11:18 IST
The market has fallen even below the levels when Prime Minister Narendra Modi was sworn in on May 26, 2014 and closed 2015 with a 5 per cent loss, a first in the past four years. Photo: Reuters