In a CNBC-TV18 exclusive, Nilesh Shah of Kotak Mahindra AMC says that markets are not at an all-time high in terms of valuations.
Adds that there is froth in certain sections of the market.
Below is the verbatim transcript of the interview:
Q: Give us your view on the market?
A: Market, at one point of time when it moved from 1,000 to 1001, people said we have crossed 1,000 - a magical number. Today no one cares about 1,000. So few years down the line 10,000 Nifty will be forgotten like 1,000 Nifty or 1,000 Sensex was forgotten.
