Sanju Verma, CEO at Violet Arc Global Managers expects consolidation in the market to continue through November, but doesn't expect it to correct in a big way.
That Nifty was poised to touch 8000 levels post Budget was a given and most experts have been anticipating and expecting it to happen, though the Nifty hasn't yet touch the 8000 mark, but is hovering close to it, says Sanju Verma, CEO at Violet Arc Global Managers.
She expects consolidation in the market to continue through November, but doesn't expect it to correct in a big way.
According to Verma: "The reason for the bullishness is as an asset class equities are attracting far more risk-related money."
Sandeep Shenoy of Anand Rathi Financial Services says nobody can argue against the flow of money and the flow of money towards the Indian market has been unprecedented. He too doesn't see the market correcting in a hurry, though he believes that it is a little ahead of fundamentals. He says that the debt market too is attracting a lot of fund flow.
"Even in the case of a 7-10% correction in the market, the bull run won't be impacted adversely or otherwise," Shenoy told CNBC-TV18.
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