'Unlikely to see the same quantum of correction witnessed in March 2020'

The key risk to markets would be more domestic in nature due to the second Covid wave, which may impact the pace of economic recovery, Sampath Reddy, CIO, Bajaj Allianz Life Insurance said

The second Covid wave sweeping across the country has made markets nervous. SAMPATH REDDY, chief investment officer at Bajaj Allianz Life Insurance, tells Puneet Wadhwa in an interview that cyclical sectors can be the dark horse in 2021 even though they may be marred with volatility in the short-run. Edited excerpts:

Do you expect the markets to correct significantly from here given the surge in Covid cases and lockdowns imposed across key cities?

The second wave in India is quite large compared to earlier peak seen in September 2020, though the mortality rate has been controlled so far. We could