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Jan 08, 2018 11:35 AM IST | Source: CNBC-TV18

See tremendous momentum in global equities at this point in time: Udayan Mukherjee

In an interview with CNBC-TV18, Udayan Mukherjee spoke about his reading of the market and his outlook.

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, Udayan Mukherjee spoke about his reading of the market and his outlook.

The market has been very brutal in terms of punishing any kind of a contrarian trade, anything other than a long trade for more than two-three sessions. For traders they cannot take bets against the market because that is not working out. For investors, they are entering this earning season with an expectation of 14-15 percent kind of earnings growth on a low base, so it is an interesting time, he said.

Speaking about foreign institutional investors (FIIs) participation, he also said that globally there is more participation at the start of the year. There is tremendous momentum in the global equities at this point in time, he added.

For full interview, watch accompanying video...
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