Sensex could fall another 10%: Merrill Lynch
Jyotivardhan Jaipuria, managing director and head of research at DSP Merrill Lynch (India) in an exclusive interview to NDTV Profit said that the market could get a correction of about 10 per cent from the current levels before rate cuts come in on 24 January 2012. He said the rupee's fall will also give a major boost to the IT and pharma sectors. He suggested avoiding capital goods, infrastructure and metal stocks for now.
