CLSA's Chris Wood in a report shook the market. He said,
At this point, with the RBI hamstrung by stubbornly strong non-food core inflation, a violent selloff down to the 11,000-12,000 levels on the Sensex, combined with a further depreciation in the rupee to the Rs60/US$ level, now appears quite possible; most particularly in the context of any potential euroquake.
