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Sharma is of the view that after the recent correction it is tough to say that midcaps have bottomed out. The big ‘P’ or political situation is the next big uncertainty that Indian market will face in the next few months and investors should not ignore the risks which come with it, Shankar Sharma, VC & Joint MD, First Global said in an interview with CNBC-TV18. “It is a significant event and one should not be dismissive about its importance. It will have a pretty significant effect on the stock market. It was a done deal the last time when the campaign started, but this time it does not look like a done deal,” he said. He further added that there is a possibility that the current government could come back with a weaker setup which markets may not like. Well, there is also a possibility that the market may go with the weaker setup. “Hence, this is a significant event and I have no clue as to what will happen but whatever happens it will have a significant impact on ...

Sensex drops 156 pts, Nifty50 ends below 10,750; Jet rallies 16%, YES Bank 6%; D-Mart tanks 11%   Market at Close Equities have ended the session on a negative note, but are off low points. The Nifty closed below 10,750-mark. Among sectors, banks, infrastructure and metals were the big losers, while Nifty Pharma has ended higher. The Nifty Midcap has ended 0.39 percent lower. At the close of market hours, the Sensex was down 156.28 points or 0.43% at 35853.56, and the Nifty down 57.40 points or 0.53% at 10737.60. The market breadth was negative as 1053 shares advanced, against a decline of 1477 shares, while 168 shares were unchanged. Yes Bank and Infosys were the top gainers, while Larsen & Toubro, IndusInd Bank, Wipro and GAIL lost the most.  Source:  https://www.moneycontrol.com/   For more information visit our website -  Investment visor