Market not likely to correct any further: Phani Sekhar

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views on the markets.

ET Now: What is your view on the market right now? Are you constructive, are you allocating more money to your funds or are you waiting for a correction?

P Phani Sekhar: We are constructive because I believe that initial bout of correction is over. Now the market largely would be stock specific and these are the kind of situations that we like. So we are incrementally allocating more and more money into the market without necessarily getting bogged down by what the index is doing.