Fundamentals do not warrant re-rating of PSU banks: Phani Sekhar

P Phani Sekhar, Fund Manager-PMS, Karvy Stock Broking in an interview to CNBC-TV18 spoke about the rationale behind why he thinks fundamentals of public sector banks do not warrant a re-rating for the space.He also spoke about the expectations of earnings from the second quarter and outlook for the market going forward.The Indian equity market has been in a consistent uptrend for the past few weeks with the Sensex reclaiming 29000 and Nifty on the brink of 9000.  For the full interview, watch video