Market uptrend to continue in the near term: Karvy Private Wealth

K Ramachandran, CIO, Karvy Private Wealth, in a chat with ET Now talks about the markets.

In terms of the kind of fund flows that we have seen coming into our markets and also after this rating obviously India is back on the maps with the FIIs, would you still see more upside here?

Yes, absolutely I think there is an upward bias in the market which has actually commenced ever since the Budget announcement was made and thereafter I think the positive sentiments are continuing. I think it is also backed up by the fundamental numbers that we are seeing in terms of industrial production or in terms of GDP growth or in terms of other noises that are coming from the various quarters. So I think overall definitely there is a positive trend that is in store and I do expect this market uptrend to continue in the near term.