Market may rally driven by earnings: Sandeep Bharadwaj

Sandeep Bharadwaj, Market Analyst, in an interview with ET Now talks about market outlook.

How would you characterise the current market environment, do you think the best of the rally is now behind us?

We have always seen that the bottom of the range, huge flow that comes into the market and market rallies extremely fast and furious. So the moves in last 4-5 days is more than 5% and it takes a bit of time and again hedge lower but what would be a more concern about is the quarterly earnings that will start from next week and the interest rate sensitives and the sectors which would be affected by inflation will see a drop in margins and drop in profits. So the next month will be mostly driven by the earnings and most of the rally is done at this point.