PN Vijay, Portfolio Manager in an interview with CNBC-TV citing his views on the markets said that we have seen a decisive change in the sentiments from Friday which has lead to some inflow of funds in the market. The strategic release of oil from the IEA just to keep prices down is one of the factors which has lead to this inflow.
Also Read: US market unlikely to gain from IEA news says CoreStates Cap He is bullish oil stocks like BPCL and HPCL in the wake of the fuel price hike and duty cut announced on Friday. He believes that these stocks have a potential of delivering better returns than the Sensex in the next one year. Below is the verbatim transcript of his interview with Udayan Mukherjee of CNBC-TV18. Also watch the accompanying videos. Q: Last couple of days the mood lifted clearly, some global money has come in whatDiscover 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!
