Sanjay Dutt

Sanjay Dutt, director, Quantum Securities explains on CNBC-TV18 that liquidity is still very sparse in the system and the downside is limited after the recent correction. Dutt adds that structural hurdles needed to be addressed to improve investor-sentiment and expects PSU banks to correct by 10-15 percent from current levels.

Sanjay Dutt, Director, Quantum Securities advised buying PSU banks on 10-15 percent correction.

Sanjay Dutt, Director, Quantum Securities advised selling Jubilant Foodworks. According to him, there is no reason to buy such over priced stock.

One can short Infosys above Rs 2800, says Sanjay Dutt, Director, Quantum Securities.

Sanjay Dutt, director, Quantum Securities, says that he feels that the market is tiring out and the risk reward in the short-term looks very unfavourable. He also feels that many investors who invested at a lower level are waiting to book some profits off the table.

Sanjay Dutt, director, Quantum Securities explains to CNBC-TV18 that the market has to consolidate to reflect the gains made by substantial movement posted by a few stocks. Dutt adds that he is bullish on the telecom sector and prefers Reliance Communication over the Bharti Infratel IPO.

In an CNBC-TV18, Sanjay Dutt, director, Quantum Securities says 5,800 breakout is definitely in store very soon. "I will not speculate on 6,000, but I think the market would remain on a positive note right through the month of December," he adds.

Sanjay Dutt, Director of Quantum Securities expects market to get into a consolidation mode post its recent rally but does not rule out a surprise rally. He sees Nifty finding support at 5,630 and 5,400 as a strong floor.

Well, all is not that bad with the Indian market. Though pestered with political logjam and low economic growth, some experts feel that the market is poised for some upmove. Sanjay Dutt of Quantum Securities is positive on the market reasoning that downside in limited now.

Sanjay Dutt, Director at Quantum Securities feels the market is a consolidation mode, awaiting important government decisions over the next 10 days. He sees 8-10% correction if no there is no movement on that front before the next Parliament session.

The Indian market has been volatile and has witnessed erratic moves over the last few sessions. However, Sanjay Dutt, director of Quantum Securities prefers equities over other asset classes at this point. He sees the Nifty rising beyond 5,600 in the next few months.

The Finance Minister will present the Budget 2012 in the Parliament today. Sanjay Dutt, Director, Quantum Securities is optimistic about the Budget. He says, the government is all set to give tough reforms now. He is more optimistic about the Budget.

It was bloodbath on Dalal Street. The Indian market corrected very sharply. Experts feel there could be further downside. They are cautious on the market now and are advising investors to book profits.

Sanjay Dutt, director, Quantum Securities believes the risk reward ratio is not favourable right for investing in markets right now.

The global crisis is likely to have a less impact on Indian market except for the sentimental disturbances. Experts have build up high hopes on India as it still looks attractive.

Even as the roller-coaster ride for the market continues, Quantum Securities' director Sanjay Dutt feels 5,300 will be a good base for Nifty. The next rally, he says will be lead by Reliance.

The director of Quantum Securities Sanjay Dutt sees flows slowly moving back into emerging markets rather than moving out. On the Nifty, he says, "It may continue to rally towards July if the monsoons are positive."

In an interview with CNBC-TV18, Sanjay Dutt of Quantum Securities, spoke about his reading of the market and the road ahead.

Sanjay Dutt, director, Quantum Securities says, he would not be surprised if the Nifty breaches 5,700. However, he says, he would be focusing on individual stories rather than on the index.

A massive 8.9 magnitude quake hit the northeast coast of Japan on Friday, shaking buildings in the capital Tokyo, causing many injuries, at least one fire and triggering a four-metre (13-ft) tsunami, NHK television and witnesses reported.