'Mkt to trade btw 5300 & 5400 unless Budget changes game'

Vikas Khemani, executive vice president and head of institutional equities at Edelweiss Securities spoke to CNBC-TV18 about his takeaway from Edelweiss' seventh annual conference.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: What was your key takeaway? Was there a lot of optimism at the conference or very guarded optimism?
A: I think there is some amount of optimism driven by the rally which we had seen in January. Most of the investors who got caught off guard or not being able to participate in the rally have been trying to figure out what is it from here. The sense that I get is that after the currency appreciation and market appreciation, investors will wait out for sometime looking for specific opportunities and the companies. Certainly, the mood has shifted from the earlier