Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

MC Interview | 5-10% correction looms on short-term prospect in market, says Rajiv Kapoor of Trustline

Investors should be cautious about valuations and must not enter or chase any stock without proper analysis and research

October 31, 2021 / 09:09 AM IST

Rajiv Kapoor, Vice-President at Trustline Securities, says that buying quality stocks at reasonable valuations is a prudent strategy for the moment. “A correction of 5-10 percent looms over a short span in the market. Long-term investors can hold and accumulate stocks for long-term gains,” he says in an interview with Moneycontrol.

Most of the momentum with respect to the second-quarter earnings has factored both on the positive and the negative sides in the market. Kapoor is hopes for good results from the IT, infrastructure sector and pharma sectors.

Excerpts from the interview:

Do you think the ongoing corrections will drag the Nifty down 17,000 in November series? And, there are more corrections on the cards for the broader market than the benchmarks?