The Indian market has had a great run in the first two months of 2012. Krishna Kumar Karwa, managing director of Emkay Global Financial Services says, the market has moved up almost 18%, it should be in a consolidating mode. However, he doesn't see a sharp correction of more than 3-5% in the market.
The markets kicked the week off on a muted note. The frontline indices traded in a narrow range, and finally closed absolutely flat. The Nifty ended the session just below 5,400, while the Sensex shut shop at 18,037, with a 29 point gain.