2010 will be year of consolidation: Jyoti Jaipuria
So what we are seeing now is a bit of a pullback from what we saw in 2009, a sharp rally there, markets starting to consolidate, pull back a bit and probably it will be a year of consolidation.
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| ET Now caught up with Jyoti Jaipuria, Head, Research, BAS-ML to know his views of stock markets.
What is investors mood especially in the context of what has been a fairly rough whether that the equity markets have been facing in 2010?
2009 was like a great year for the market. We cannot have 2009 repeated every year. So what we are seeing now is a bit of a pullback from what we saw in 2009, a sharp rally there, markets starting to consolidate, pull back a bit and probably it will be a year of consolidation. We get markets probably doing nothing absorbing the gains of 2009.
What is investors mood especially in the context of what has been a fairly rough whether that the equity markets have been facing in 2010?
2009 was like a great year for the market. We cannot have 2009 repeated every year. So what we are seeing now is a bit of a pullback from what we saw in 2009, a sharp rally there, markets starting to consolidate, pull back a bit and probably it will be a year of consolidation. We get markets probably doing nothing absorbing the gains of 2009.
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