Rupee under pressure, inflation risks rise amid crude surge; impact hinges on duration of global conflict: Shrikant Chouhan
Apr 01, 2026
Highlighting the recent market trend, Shrikant Chouhan, Head Equity Research, said, "We saw a market falling heavily from the highs of January... from somewhere close to 26,375 to the levels of 22,275," adding that "it's a deep sell-off that we witnessed in a very short span of time." He noted that the correction has been broad-based, stating, "A number of stocks have fallen more than 50% and now all these large-cap stocks have fallen in the last one month." However, he believes the worst may be over in the near term, saying, "The market has fallen to its extreme level in the near term... and from here onwards, we can see some bottoming out... which can again lift the markets towards the levels of 25,000."
