Indian markets could correct 3-4%: U R Bhat, Dalton Capital Advisors

U R Bhat, MD, Dalton Capital Advisors, in a chat with ET Now, gives his views on the market


Gloom and doom or this will be a good time to buy?

Well initially there will be some reaction to the news over the weekend probably the Indian market could correct 3% to 4%, but thereafter it will get carried away by what happens internationally, whether there is a halt to the slide or further sort of problems emanating, probably now from Europe. But if that were had to be contained I think about the 3%-4% downside which most of it would probably happen today itself that is good enough level for people to start nibbling in the market.