Money managers say Nifty slippage below 10,000-mark a possibility

With the yield on the 10-year Treasury note in the US nearing three per cent, the equity markets are headed for turbulent times, say Money managers

Domestic equity fund managers are of the view that the recent sell-off may extend further and don't rule out the possibility of the benchmark Nifty index slipping below the 10,000-mark. In the past one year, most fund managers have emerged as aggressive whenever the market has gone into slightest of correction mode. However, this time could be different. Despite, the benchmark indices coming off six per cent from the peak touched last week, money managers would like want to wait for lower levels before they start deploying capital aggressively.

"The sharp spike in the US bond yields is a serious issue.