“This week we saw investors being pretty much on the edge, which is why markets touched lows last seen in November. Friday’s rise was mainly due to short-covering,” said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group. “I don’t think the pain is over yet, we would see markets falling further in the coming months. There is no genuine buying interest and I think this scenario will continue for some more time,” he added.