Nifty will rise to 5800 after few dull sessions: Networth

With the markets starting to get a bit steady after five consecutive days of carnage, experts still remain skeptic on how the indices would behave in the near term.

However, Prakash Diwan of Networth Stock Broking remains optimistic as he believes that the market has more steam to go all the way up to above 5750, possibly 5800 levels. In an exclusive interview with CNBC-TV18's Sonia Shenoy and Latha Venkatesh, he said, "There is some genuine value buying that has started emerging and we could possibly have a couple of dull boring days that is when the consolidation becomes more meaningful," he pointed out. Here is a verbatim transcript of Prakash Diwan's interview with CNBC-TV18's Soniya Shenoy and Latha Venkatesh. Also watch the accompanying video. Q: What are your thoughts on the skyrocketing sugar prices? A: There has been lull in terms of soft commodity build up for the last couple of weeks. This is a catch up that sugar prices have seen at last. The crude prices going up always sees a benefit on the by-product side, especially where the ethanol incremental addition to normal fuel is allowed. It is a profitable by-product segment that is adding to the bottom line. With power and ethanol prices going up, the sugar prices couldn