In an interview with CNBC-TV18’s Mitali Mukherjee, Vibhav Kapoor, IL&FS said, there could be more more downside pressure on the market. “It is difficult to say how much it can fall further, although I would think that some positives are developing for India,” he added.
According to him, the Nifty should get a temporary bottom somewhere around 4,600 to 4,700 and some rally there onwards.
