Nifty marks biggest weekly loss in 15 months; Q1 nos eyed
The sharp fall was attributed to absence of subsidy rationalisation, unrealistic fiscal deficit target of 4.1 percent for FY15 set by Finance Minister Arun Jaitley in his maiden Budget, not so reformist Railway Budget, fiscal crisis in Europe, issue of GAAR and unwinding of long positions, say experts.
Now the 8000 level on Nifty is possible only after the strong earnings growth that may be seen post September 2014, they say, adding 7400 will be major support level. They advise buying on such correction.
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