Market to bottom out, see 5-10% correction: Citrus Advisors
Sanjay Sinha, Citrus Advisors, says that he is seeing symptoms of market bottoming out and expects another 5-10 per cent correction in near term. However, he added, that unlike the 2008 fall, the market is bearish because of Indian macro slowdown. He added that he expects corporate profits to grow by 8-9 per cent in near term, with interest rates showing a downward trend.
