Rakesh Jhunjhunwala says bull run to continue despite inflation, Covid-19 effect

Big Bull Rakesh Jhunjhunwala expects the stock market to continue in the middle of the continuous correction. The ACE investor advised investors not to be influenced by small corrections in the stock market. Jhunjhunwala also stated that inflation in the economy was temporary and the market market will not be affected by rising economy prices.

“Investors should not be afraid of the market as a whole simply because of small corrections,” said Jhunjhunwala in an interview with CNBC-TV18.

Currently, Nifty50 is down 2% after increased by more than 15,900 from 15,900 levels last week.

Comparison of ongoing bull markets and 2004-2008, Jhunjhunwala said that the current rally will last for decades.

Talking about the threat of coronavirus on the market, Jhunjhunwala said he does not think there will be a third wave of COVID-19.

This stock of Jhunjhunwala has increased by 8% today after quality Q4 benefits

“Nobody predicts the second wave and now everyone is talking about the third wave. With the exercise of vaccination rhythm and the growth of immunity, I do not think there is the third wave. Moreover The economy is better prepared now, “he said.

Commenting on the recent surge of medium capsules and small-cap stocks, market veteran stated that bullish markets can not be linear and there must be corrections.

Talking about the recent increase in stocks and opportunities for mid-capitalization correction in the segment, he said that bullish markets can not be linear, there are opportunities for a market.

The stock market assistant is exacerbated on the Indian economy and believes that recent reforms will have a long-term positive impact on the economy.

“The economy is at a step of takeoff. We crossed a cycle of the NPA and we went through a lot of changes such as Jan-Dhan, IBC, Reforms, reforms in mining laws, workers and agricultural. Indian is on a threshold Good and long economic growth. Structural change in the Indian economy arrives at the front, “said Jhunjhunwala.