HomeNewsBusinessMarketsNifty will have hard time crossing 5700: Ambareesh Baliga

Nifty will have hard time crossing 5700: Ambareesh Baliga

In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, Ambareesh Baliga, COO of Way2Wealth said that the market has been absorbing negative triggers since a long period of time and crossing 5700 on Nifty will be a difficult task for the market.

May 05, 2011 / 15:25 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Macroeconomic issues have remained a big concern for the market even after aggressive rate hike done by the Reserve Bank of India on May 3. Experts feel that the negative triggers will continue to add volatility to the market, making it more choppy.

Ambareesh Baliga, COO of Way2Wealth, feels it will be difficult for the market to take a high jump as there are too many negative triggers affecting investor confidence. In an interview with CNBC-TV18
first published: May 5, 2011 10:00 am

Discover 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!