Munish Varma, Head-Global Markets at investment major Deutsche Bank India, in an interview with CNBC-TV18's Mitali Mukherjee and Udayan Mukherjee, says the foreign institutional investors (FIIs) are concerned about India's soaring inflation. However, funds with long-term horizon are not nervous about the country's performance, although the inflows may not register last year's high pace.
"The key benchmark indices could see a rally from current levels if crude oil price falls to 110-120 dollars a barrel. The 30-share sensitive index, Sensex, may rebound to 21,000 levels by the end of CY-2011," he added. The market is trading with a slight positive bias, snapping losses of eight consecutive days. Investors continue to remain on sidelines over concerns that the central bank may further hike interest rates to curb inflation. What about short-term view? Read Ambareesh Baliga's forecast on Indian market Below is a verbatim transcript of his interview with CNBC-TV18Discover 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!
