Investors continue to remain a concerned lot. But, according to Abhay Laijawala of Deutsche Equities India this is not denting their interest in India. "Investors are watching oil prices very closely but are still buoyant on India. Market valuations here have compressed this year," he told CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee in an exclusive interview.
Seeing a strong directional shift in market in the second half of calendar year 2012, he said, inflation, commodity prices and reforms will determine its movement. "We are cautiously optimistic on Indian markets," he added. Below is the verbatim transcript of the interview. Also watch the accompanying videos. Q: How people are feeling about India? Is there a lot of concern about crude and politics or is the mood constructive? A: Investors are concerned, but interest in India remains extremely buoyant, which was manifested by the numbers at the conference. The total number of about 520-530 clients registered, which is almost more than 20-25% compared to the last year. Q: Your note was one of the first to flag off the crude issue and the sensitivity of the market to it. How nervous are people on that specific regard about where crude has reached? What would USD 100 per barrel mean for our marketDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
