Overall market not worth buying into: Saurabh Mukherjea, Ambit Capital

Saurabh Mukherjea: Look at last March. On March 15, 2015 we turned bearish on the Sensex and then in August 15, we ramped up the level of our bearishness. The March 15 the Sensex was somewhere around 30,000 and August 15 when we turned bearish on the Sensex, it was around 27,000 roughly where it is today. We are continuing with our circumspection with our bearishness on the market as a whole. Our view is that the economy is still not showing any clear signs of pickup ..

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