Time-wise correction likely and will be healthy for markets: Samir Arora

He also speaks on changes ahead after the GST implementation

With the markets consolidating ahead of goods and services tax (GST) implementation, Samir Arora, founder and fund manager of Helios Capital, speaks with Puneet Wadhwa on the changes ahead and related issues. Edited excerpts:

Given the run-up so far in 2017, do you think the markets could see a time correction? What is your view on the mid and small-cap segments?

The Indian market (Nifty) has gained around 16 per cent year-to-date (ytd), while the mid-cap index is up nearly 22 per cent. We believe part of this rally is because the market had performed badly in November/December 2016. So,