In an interview with CNBC-TV18, Prasad said the market may correct if the government is unable to push through reforms, but added that every correction is a buying opportunity. Prasad was not too positive about earnings upgrades, and said there could be fewer upgrades than what the market was expecting.
Live market update:- The Sensex is down 57.93 points or 0.20% at 28280.12, it touching a high of 28379.27 and touch a low of 28274.16 in trade today.
The nifty is fall 20.40 points or 0.24% at 8442.70, it touching a high of 8468.70 and touch a low of 8439.45 in trade on Wednesday.
Among Sensex top gainers today, Gail 2.90%, Cipla 1.75%, ITC 1.46%, BHEL 1.34%, Tata power 0.83%, M&M 0.79%, Sesa Goa 0.74%, NTPC 0.61%, Coal India 0.58%, Hero Motocrop 0.48%, ONGC 0.32%.
Among Bajaj Auto 1.83%, ICICI bank 1.50%, Dr. Reddy’s 1.25%, Bharti Airtel 1.18%, Axis bank 1.16%, Hindalco Inds 1.09%, Maruti Suzuki 1.04%, Wipro 0.95%, HDFC bank 0.82%, Tata motors 0.75% were Sensex top losers today.