Indian Stocks to Correct Another 5-10%: Director

5:10 AM ET Mon, 17 Aug 2009

India celebrated its 63rd Independence Day anniversary over the weekend. The Bombay Sensex index fell 4.1% Monday. Aadil Ebrahim from Bazargate Consultants told CNBC "we're probably looking at a peak-to-trough market correction of 15-20% which would bring back the market to saner levels."