Indian equity benchmarks slipped further on the back of profit booking after seeing sharp rally of nearly 1300 points on theSensex since last week. Reliance Industries was the main culprit behind downtrend in trade today, followed by Bharti Airtel, ITC, HUL, L&T and NTPC.
"The rally of almost 1,300 points in Sensex over the last three-four days has very little fundamental to back it up. So I doubt this is sustainable," Anantha Nageswaran, Senior Economic Advisor at Julius Baer tells CNBC-TV 18.
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