Jeff Chowdhry, head of emerging equities at F&C Investments spoke to CNBC-TV18 about the latest happenings in Europe and how the market is poised to trade going ahead.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Do you think it is crude and the fact that it went above USD 128 yesterday that took the steam out of the market or is it the fact that we have had significant outperformance and since some of the big liquidity triggers are out of the way, people maybe looking to book profits?A: I think it is a combination of both. You have had the situation that the markets have rallied pretty strongly so far this year from oversold levels. At the same time, quite a lot of good news on the European bailout is already priced in. So with oil at this sort of price, people are saying
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