Market will see some more time and price correction: Jyotivardhan Jaipuria

Jyotivardhan Jaipuria, Founder & MD, Veda Investment Managers said the fall we have seen so far has been a minor blip.

The market will see some more time and price correction, he feels.

In an interview to CNBC-TV18, he said most bull markets saw 5-10 percent corrections and recent correction might end up being in the 7-8 percent range.

The market corrected more than 4 percent from its highs recently, followed by recovery for the second consecutive session today.

He expects a time wise consolidation once this fall ends.

He feels the risk reward is favourable in the rural space. Jaipuria likes capital goods space and pipe companies in particular. Tractor and agro chemical space also looks good, he said.

For full interview, watch accompanying video...