Fundamentals do not justify Nifty below 5200: Quantum Sec

Sanjay Dutt, Director of Quantum Securities does not expect the markets to fall below the 5200 level, in an exclusive interview to CNBC-TV18 he said that levels below 5200 could not be justified on a fundamental basis.

February 07, 2011 / 14:45 IST
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Sanjay Dutt, Director of Quantum Securities does not expect the markets to fall below the 5200 level. In an exclusive interview to CNBC-TV18 he said that a Nifty below 5200 could not be justified on a fundamental basis.

The Indian markets witnessed a fall from its heady highs it hit in trade last year and Dutt said going ahead he sees consolidation and not recovery in the markets. He added that he expects substantial policy action in the next 60 days. Below is a verbatim transcript of Sanjay Dutt
first published: Feb 7, 2011 12:58 pm

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