Indian shares have had a tumultous year so far. After last year's euphoria, broader markets have witnessed steep correction, resulting in BSE stocks losing about 36-37 percent on an average. While some market experts may find it hard to stay optimistic in such a situation, Shankar Sharma is definitely not one of them.

Share Market Live

NSE

Shankar, vice-chairman and joint managing director of First Global believes much of this correction was on the expected lines and is a mere repetition of a similar trend from last year.

"Go back to 2017 for the answer. We had a very bad July or August ... We say 2017 was great and 2018 has been terrible and I say we had a similar fall in 2017 right in the middle of the year and in fact it had happened against post demonetization," Sharma told CNBC-TV18.