Madhav Dhar

India continued its winning streak in the crucial UN elections, with another official unanimously elected to a key advisory panel that helps examine the world body's budget and management initiatives, a day after an Indian lawyer won membership of the International Law Commission.

The veteran investors says that Nifty may have hit the bottom for the time being and it is likely to hit 9,000 levels by end of next year - an upside of nearly 20 per cent from current levels.

This is a good time for people to enter the market who may have stayed away for the last one year, he said.

Madhav Dhar, managing partner of GTI Capital, spoke to NDTV and said though the last 18 months have been disappointing and very little has happened on the reforms front, he believes the economy will pick up pace in the next six months.

Madhav Dhar, managing partner of GTI Capital spoke to NDTV and said that the worst may not be over for the Indian markets and they could fall further.

The veteran investor said that the Indian markets are in a situation where valuations have become expensive and global macros are also changing in terms of interest rates moving north, hence equities are seeing consolidation.

Renowned investor Madhav Dhar has jumped into the debate over the sky-high valuations of e-commerce companies like Flipkart.

Drugmakers saw the biggest selloff with the healthcare sub-index on the BSE falling 3.5 per cent. Lupin fell nearly 5 per cent, while Cipla traded 3.5 per cent lower. Sun Pharma declined 3 per cent.

From a longer-term perspective Mr Dhar is still bullish on Indian markets. He believes that India will continue to attract money if the reform process keeps proceeding steadily and investment opportunities open up and the ease of doing business continues to happen.

India must make tough spending choices, Finance Minister P. Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated Indian budgets of recent years. Here is what experts said.

"If the government signals fiscal consolidation, the market could move up 15-20 per cent this year," he said adding that the government should look at divesting stakes in PSUs to raise fund.

"If the government signals fiscal consolidation, the market could move up 15-20 per cent this year," he said adding that the government should look at divesting stakes in PSUs to raise fund.

India continued its winning streak in the crucial UN elections, with another official unanimously elected to a key advisory panel that helps examine the world body's budget and management initiatives, a day after an Indian lawyer won membership of the International Law Commission.

The veteran investors says that Nifty may have hit the bottom for the time being and it is likely to hit 9,000 levels by end of next year - an upside of nearly 20 per cent from current levels.

This is a good time for people to enter the market who may have stayed away for the last one year, he said.

Madhav Dhar, managing partner of GTI Capital, spoke to NDTV and said though the last 18 months have been disappointing and very little has happened on the reforms front, he believes the economy will pick up pace in the next six months.

Madhav Dhar, managing partner of GTI Capital spoke to NDTV and said that the worst may not be over for the Indian markets and they could fall further.

The veteran investor said that the Indian markets are in a situation where valuations have become expensive and global macros are also changing in terms of interest rates moving north, hence equities are seeing consolidation.

Renowned investor Madhav Dhar has jumped into the debate over the sky-high valuations of e-commerce companies like Flipkart.

Drugmakers saw the biggest selloff with the healthcare sub-index on the BSE falling 3.5 per cent. Lupin fell nearly 5 per cent, while Cipla traded 3.5 per cent lower. Sun Pharma declined 3 per cent.

From a longer-term perspective Mr Dhar is still bullish on Indian markets. He believes that India will continue to attract money if the reform process keeps proceeding steadily and investment opportunities open up and the ease of doing business continues to happen.

India must make tough spending choices, Finance Minister P. Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated Indian budgets of recent years. Here is what experts said.

"If the government signals fiscal consolidation, the market could move up 15-20 per cent this year," he said adding that the government should look at divesting stakes in PSUs to raise fund.

"If the government signals fiscal consolidation, the market could move up 15-20 per cent this year," he said adding that the government should look at divesting stakes in PSUs to raise fund.