Barring catastrophe, market won't retest Feb lows: Nilesh Shah

Markets globally had been looking for a reason to correct -- which they got thanks to the Bank of Japan's move to stand pat on monetary policy -- but any fall only accentuates the appeal of Indian shares, says Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company. In an interview with CNBC-TV18, Shah said there were many positives going for the Indian economy that would lift stocks. He, however, a conceded that a bad monsoon, unlikely as it looks currently, would be an upset for markets. "The government has adopted fiscal prudence while the Reserve Bank has decided to ease liquidity conditions," he said. "This is a reversal of six years of policy."

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