Understanding the market has been getting difficult by the day. While the topsy-turvy moves have dithered market sentiment to an extent, experts are waiting on the sidelines of the upcoming budget to take a call where the indices will be headed this year.
However, Sanjay Dutt director of Quantum Securities already has a bullish stance on the market and feels that it will definitely see new highs in 2011. The rationale: He feels the risk reward is positive. "Most bank stocks have adjusted their balance sheet concerns," he adds. Nevertheless, he believes that the market will continue to grapple with inflation. In an exclusive interview on CNBC-TV18, Dutt also speaks about sectors that, according to him, may outperform or underperform. The IT sector, he says will underperform in the next 12-18 months. "We don't see fresh money allocation in the space," he reasons. Infrastructure and banking will offer good opportunity, he adds. Below is a verbatim transcript of Sanjay DuttDiscover 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!
