See a stock-specific market from hereon: Purushottam

Post the election euphoria, Sangeeta Purushottam, founder and managing partner, Cogito Advisors, expects market movements to be based on stock specific news. She feels the response to the election results were a lot more muted than what she had expected given the historic nature of the results.

"We are not likely to move higher from here in a hurry," she told CNBC-TV18. The market will be very closely watching the US Federal Reserve's move on tapering and the upcoming Reserve Bank policy, followed by results in January. 

According to her, the market will consolidate but the election results has provided a higher floor to the market. She does not expect it to fall dramatically but trade in a range.