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BUDGET 2012
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SENSEX  25,894.97  -192.45
NIFTY  7,721.30  -70.10
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Fundamentals solid; need reforms to lift mkt: Dipan Mehta
6/29/2012 05:22 PM
Dipan Mehta, member BSE and NSE, says that fundamentally, nothing has changed for India except the risk-on trade has resumed therefore, we may see more FII liquidity coming into our stock markets.
Technically, the market has improved after breaking out the decent narrow band. So, we may see more upside for the market.
Below is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video.
Q: How much upside potential do you see for the market from here considering global events happened in last 10 hours?
A: Fundamentally, nothing has changed for India except the risk-on trade has resumed therefore, we may see more FII liquidity coming into our stock markets. Apart from that, we are still waiting for any major news from the finance ministry. But, broadly nothing much has changed. We may see an extension to this rally in coming trading sessions.
Technically, the market has improved after breaking out the decent narrow band. So, we may see more
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Budget 2012
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