It will be a choppy year going ahead: Sangeeta Purushottam, Nine Rivers Capital

In a chat with ET NOW, Sangeeta Purushottam, Managing Director, Nine Rivers Capital, talks about the market outlook for the day.

What is happening we started the year with the consensus sell on India, now it is a consensus buy across the board?

Markets have a way of surprising and what was quite evident at the beginning of the year really was the amount of negative opinions floating around and since markets tend to surprise that is really what we are seeing for the moment. Conditions of some kind of positive surprise coming in on a whole host of factors.

So the news flow actually has improved somewhat at the margin and that is really what is reflecting in this rally that we are seeing. Having said that it is really too early to call a trend reversal so obviously the relief round is huge and even psychology it tends to be positive and that is really what we are seeing but it will be a choppy year going ahead.

One word answer, are we still in a bear market yes or no?

Probably for a few more months.