It was a bad day for the market and a disappointing end to the week. The market saw a lot of heavyweight weakness and the weak IIP numbers did not help out cause. The Nifty closed at 5,485 with a 35 point cut while Sensex closed at 18,270 down 116 points. ADAG stocks, SBI and ICICI were the main laggards today.
In an interview with CNBC-TV18, Rajen Shah, CIO at Angel Broking and Ganesh Shanbhag, CEO of SMS Financial Services, spoke about their reading of the market and the road ahead. Below is an edited transcript of their interview on CNBC-TV18. Also watch the accompanying videos. Q: We have been relatively resilient so far. Are you sensing though that there is some downside risk to the market now? Shah: Yes, in fact, couple of weeks back, I had clearly mentioned that there are no positive triggers for the market at least in the foreseeable future
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