Equities kicked off trade on Tuesday with a slight negative bias, mirroring losses in the Asian peers. However, market men believe the decline will not be steep as foreign institutional inflows (FIIs) have been robust over the past few weeks. Gaurav Doshi of Morgan Stanley Private Wealth Management believes that the correction is warranted after the amazing upmove seen recently.
"The fall in commodity prices (gold and crude) and easing inflation in Thailand, China and Indonesia have helped in improving overseas investors' appetite for risky assets," he told CNBC-TV18.
Going forward, he states that Nifty is likely to remain range-bound between 5500 and 5800 levels. Below is the verbatim transcript of his interview with Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: It has been a sharp pullback through last week, are you guys getting cautious at these levels?
A: It
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