Keep your coats on! It's going to be a stormy 2012

Moneycontrol Bureau

If there's one thing that has been consistent this year, it has been volatility. The year has been marred by slowdown concerns in emerging markets followed by concerns around US growth and ultimately questions around the survival of the Euro, resulting in large sell-offs across all markets.

For the Indian market, these global events have added one more dimension to the overall tentative mood seen since the beginning of 2011. 

However, Amit Dalal of Tata Investment Corporation feels that quite a few fundamentals have perhaps reached a level where one can say that the negatives are more overstated and the positives perhaps should be looked at now.

"Technically, the market may remain weak and even perhaps may show lower bottom than what we saw in the last couple of days, but I think as the year closes, I am more positive about this year starting today than I was about 2011 starting at the end-December last year."

The economy faces significant headwinds at the onset of 2012