Know from Rakesh Jhunjhunwala whether the market will remain bullish or there will be a big correction, said this on Corona third wave

  Rakesh Jhunjhunwala said on the market the uptrend will continue

Rakesh Jhunjhunwala said on the market the uptrend will continue

Mumbai . Ignoring the recent decline in the market and concerns related to inflation, India’s well-known investor Rakesh Jhunjhunwala says that India’s bull market will continue and inflation related concerns are temporary.

Mumbai . Ignoring the recent decline in the market and concerns related to inflation, India’s well-known investor Rakesh Jhunjhunwala says that India’s bull market will continue and inflation related concerns are temporary.

In an interview to CNBC-TV18, he said that investors should not be afraid only about the recent small corrections. After touching the high above 15900 last week, Nifty is trading around 15600, which shows a decline of about 2 percent.

Market boom will last for a decade

Comparing today’s situation with the bull market of 2004-2008, Rakesh Jhunjhunwala said that 2002-2003 feeling is coming in him. This strength of the market will last not only for 6 years but for the entire 1 decade.Also Read – Check Shyam Metalics IPO Allotment Status Online Like This, Two IPOs Will Be Listed On June 24

In this conversation, Rakesh Jhunjhunwala further said that he does not think that the third wave of Kovid-19 will come. He said that no one had predicted the second wave of Kovid-19 and now everyone is talking about the third wave.

As the process of vaccination progresses and immunity increases among people, I do not see a possibility of a third wave of Kovid-19. Apart from this, this time the economy is better prepared to deal with any challenge.

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Talking about the rise in small-medium stocks, he said that there has been a boom in these sectors. He further said that the bull market does not move in the same direction every day, there should be corrections in between. Jhunjhunwala is quite bullish about the Indian economy. He believes that the effect of the recent reforms by the government will be seen in the long term.

He said that India’s economy is now in a position to take off. The economy had to go through the NPA cycle. Apart from this, the Indian economy had to go through changes like Jan-Dhan, IBC, RERA, Mining Reform, Labor and Agriculture Law. India is now standing on the threshold of good and long-term economic growth. The structural changes in the Indian economy will now start showing their effect.




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