Nifty could fall to 9,500 levels; not a good time to bottom fish: Experts

Nifty could fall to 9,500 levels say market pundits

Despite the three per cent sell-off in the frontline Indian benchmarks on Tuesday, the S&P BSE Sensex and the Nifty50, market pundits expect more downside for domestic equities in the days to come. Since the market rout has been triggered by global factors, mainly rising bond yields in the US, they expect the bearish tone to continue for a few more sessions before the Indian markets stabilise. In a worst-case scenario, the Nifty50 can slip to 9,500 levels, they say.

"If there is one fundamental catalyst for the sell-off, it is the rise in bond yields. Until