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Markets Are Beyond Broken Now: Sanjay Dutt

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September 5: Markets have deteriorated to such a level that it is difficult to put back the pieces, Quantum Securities Director Sanjay Dutt says. Saying nothing worse can happen will be difficult, he says, “However, there are early signs that we are out of the woods.” Nifty is likely to bottom out and 4,600 looks unlikely unless investments take a big hit, he says, adding that “The market cap to GDP ratio is at a crisis level, but I don't see a further hit.”