'Hard to say that markets have factored in the impact of the third wave'

In terms of valuation matrix like P/E or P/BV, many stocks forming part of the broad index would be expensive compared to long-term averages, Sachin Trivedi of UTI AMC said

It has been a choppy ride for the markets in the past fortnight as they took cues from the global developments. SACHIN TRIVEDI, senior vice-president, head of research & equity fund manager at UTI AMC, tells Puneet Wadhwa in an interview that in the absence of a positive earnings surprise, the market may witness time-wise correction. Edited excerpts:

Are the markets now ripe for a time-wise and/or price-wise correction?

In terms of valuation matrix like price-to-earning (P/E) or Price-to-Book value (P/BV), many stocks forming part of the broad index would be in the expensive zone compared to long-term averages. However,