Selloff not over, stock market may remain under pressure

The recent selloff in the stock market that shaved off almost 5% from the benchmark indices may not have run its course yet, said market experts. In a poll of 21 equity strategists and fund managers by ET over the weekend, the majority said the worst may not be over as the spurt in selling by foreign portfolio investors (FPIs) as well as worries about higher inflation and a possible rise in interest rates have investors on edge.

via Economictimes