The market has shown a lot of courage and jumped over 800 points in the last two trading session. But we remain unsure of the global turmoil. Are we somewhere closer to the end of the pain or there is a lot to go before a bottom is found in global and local equities? Is this a big buying opportunity for Indian investors? Ridham Desai of Morgan Stanley examines the situation in a free-wheeling interview with CNBC-TV18.
Below is the edited transcript of the interview. Also watch the accompanying videos. Q: What is your feeling? Are we very close to the end of the pain or do you think we will face another few quarters? A: I think the world does look in a very messy situation. I think the developed market environment looks quite tricky and it's going to take probably several quarter, if not years, for this to settle down. Indeed! We are dealing with very high leverage in the western world. So as a response to the great financial crisis, the western world transferred debt from private balance sheetsDiscover 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!
