Banking space may witness more downside: Ashwani Gujral, Ashwanigujral.com

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on banking space.

ET Now: Is it going to be banks, which are going to drag the markets lower?

Ashwani Gujral: Yes, they are still not showing great amount of strength. Today, the Bank Nifty is not even up 1%. So, chances are that the banks would again drag the markets down and this time the large-caps will take a battering. There are chances that banking may witness more downside.