Correction in equity markets could be to the tune of 7-10%: KR Bharat

KR Bharat, MD, Advent Advisors in an interview with ET Now talks about his views on the markets.

Do you think the cement and metal baskets will play spoilsport for the Sensex?

It is almost an impossible prediction to make. It is easier to predict who is going to win the world cup football, but having said that I think that if my sort of view of global events is even reasonably on track, I think that the level of correction you could see in equity markets could be to the tune of 7% to 10%.

So you do math that's where I think this market could come to and at those levels it would be very very attractive. And I do see it happening not because of anything fundamental to do with the Indian economy but to do with the fundamentals of the global economy.