The market has had a fabulous run and then gave up a couple of 100 points on the Nifty. And then, it took just one day to get back to 5,900 levels. In an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, Nilesh Shah managing director and chief executive officer of Envision Capital spoke about this rollercoaster ride that the market has been on.
Here is a transcript of the interview. Also watch the accompanying video. Q: How do you see the market for the next few weeks? A: In the short-term the momentum clearly is in favour of the markets. The momentum is pretty strong, the moves have been reasonably impulsive, the corrections have been short and shallow versus the rally which have been long drawn out as well as have been of a high percentage points. Moreover, liquidity flows continue, the weakness in the dollar and not-so-good economic data coming out from the West, I think all these things are in our favour in the short-term. And itDiscover 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!
