Sep 23, 2013, 02.24 PM IST
Vibhav Kapoor, IL&FS expects recent volatility in the market to continue going ahead. According to him, the market is too volatile and therefore, he won't call it an investor's market. "I would call it speculative to some extent," he says in an interview to CNBC-TV18.
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BSE Sensex drops 400 pts; DLF, PNB, BoB, Axis Bank down 6%
Vibhav Kapoor, IL&FS expects recent volatility in the market to continue going ahead. According to him, the market is too volatile and therefore, he won't call it an investor's market. "I would call it speculative to some extent," he says in an interview to CNBC-TV18.
Like this story, share it with millions of investors on M3
BSE Sensex drops 400 pts; DLF, PNB, BoB, Axis Bank down 6%
Vibhav Kapoor, IL&FS expects recent volatility in the market to continue going ahead. According to him, the market is too volatile and therefore, he won't call it an investor's market. "I would call it speculative to some extent," he says in an interview to CNBC-TV18.
14:27
Moneycontrol BureauLive Market Commentary
The market extended its fall in afternoon trade with the equity benchmarks losing more than 2 percent, weighed down largely by financials. Oil & gas, realty, auto, capital goods and telecom stocks are also under pressure.
The Sensex is down 427.12 points at 19836.59, and the Nifty is down 137.80 points at 5874.30. Declining shares outpaced advancing ones by 1280 to 874 on the Bombay Stock Exchange.
Vibhav Kapoor, IL&FS expects recent volatility in the market to continue going ahead. According to him, the market is too volatile and therefore, he won't call it an investor's market. "I would call it speculative to some extent," he says in an interview to CNBC-TV18.
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Kapoor further adds that Nifty is likely to trade in a broad range of 5400-6200.
Meanwhile, the rupee depreciated by 40 paise to 62.63 against the US dollar.
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