HomeNewsBusinessMarketsPositive breakout for market on cards, says PN Vijay

Positive breakout for market on cards, says PN Vijay

PN Vijay, Portfolio Manager, tells CNBC-TV18 that the market is most likely to breakout of the tight range it is stuck in, on the positive side.

July 19, 2011 / 11:18 IST
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Portfolio manager PN Vijay believes that the market is most likely to breakout of the tight range it is stuck in, on the positive side. "The Indian indices have put up a strong show compared to the global scenario over the past two months," he told CNBC-TV18 in an exclusive interview. In that situation, India seems to be a good alternative for investors abroad, which could pull up our market, he explains.

Below is the verbatim transcript. Also watch the accompanying video Q: What do you think will be crucial in determining which way this tight range that we have got stuck into breaks out? Do you think it will be global cues or something in the earnings season or the monetary policy next week which will give us a trigger?
A: The trigger could be something positive from domestic front if it happens. What is happening in the Indian stock market today is we are susceptible to very major global events and activities that are going on, namely the impasse between the three limbs of the US government, on ceiling on US debt which threatens to downgrade US debt, and also the problems in the big nations don
first published: Jul 19, 2011 09:09 am

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