Overall market sentiment remains fragile, says Nischal Maheshwari

The announcement of consolidation of PSBs is certainly a step in the right direction, says Maheshwari

The government has made a slew of announcements over the past few days to help prop up the economy. Nischal Maheshwari, CEO for institutional equities & advisory at Centrum Broking, tells Puneet Wadhwa that given the developments, India has moved from a ‘sell on rise’ to ‘buy the dips’ market. Edited excerpts:

Have the markets been too optimistic about the initial measures announced by the finance minister? 

Investors have welcomed the measures. By rolling back the surcharge on foreign portfolio investors (FPIs) and domestic investors, easing the flow of credit, and pushing for faster transmission, the government has provided much-needed respite to