Divya Arora, assistant manager, Karvy Stock Broking told that today selling pressure was seen in the stock markets. There was fear in the market that China might raise the rates of interest that resulted in selling pressure in the Indian market whilst the genuine news of rate increase came after market hour. IT stocks are touching new lows day-after-day. There was some profit booking in the fertilizer stocks.

She anticipates stock markets to open with a descending gap on Wednesday that might take a little minus support to touch 13,500 level. Selling would be seen across the board, margin calls may also pop up.

She added that the overall market sentiment continues to be disconfirming.

On the other hand, Monish Gutka, dealer, Networth Stock Broking stated that today market stayed unchanging till afternoon session but later the stock market saw heavy selling pressure and descended because of political instabilities in the country.

Mr. Gutka gestates markets to follow worldwide markets in the coming trading session though reaction remains unconstructive. Banking stocks might underperform stock markets on Wednesday on the back of Japan advancing its interest rates. He commends that investors should invest in ‘A’ group companies only.