Indian stock markets continued to trade feebler on worry over political uncertainty coupled with impact of higher interest. 

At 2.14 pm, the BSE Sensex lost 236.46 points at 13,225.14, while the broad-based NSE Nifty declined 87.85 points at 3,952.70.
 
Overall market breadth was negative. Out of the total 2,614 traded at BSE, 474 advanced, 2,087 declined while 53 remained unchanged.

Technical analyst, Vishwas Agarwal said, “As I warned earlier, I still advise investors to stay away from the market due to higher inflation, peak crude oil prices and low FII`s selling. As there is no improvement in these three problems, market is losing its shine everyday.”

Market can fall to further lows wherein Agarwal sees BSE at 12,345.6, due to the climax of the great Indian political drama.

Mr. Agarwal said that Nifty below 4,000 is another worry, if it carries on to remain below this level.

Some value buying can be done with medium term projections, with buying some portion of investment plans only in frontline stocks, advised Agarwal.