While the markets are volatile, there are early indications (which need further confirmation) that the bias of volatility is changing from bearish to bullish. The relative outperformance of the Indian market as compared to Asian and other emerging markets is one such indication. Also, market breadth has been better post-budget, especially in the mid-cap segment. This is not to say that investors should throw caution to the winds. But it may be better not to continue with the bearish mindset that most investors have today thanks to four months of correction.
