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There is no harm in booking some profit so long as market rally continues

Many feel that the rally is on its last legs, and provides an opportunity to stock investors

Topics
stock market rally | Coronavirus | fund manager

Joydeep Ghosh 

For investment advisor Arun Kejriwal, the reason is clear for booking profit: “This rally can last a day or seven days or more, but we will see a sharp correction sooner than later. The initial earnings numbers comprise a clutch of companies which were more or less not impacted by the Covid-19 pandemic very badly.

The numbers of brick-and-mortar companies will hurt. So, this euphoria in the markets can last only for some more time.” According to Kejriwal, if there is money to be made during such times, investors should do so now. The Sensex is already up over 48 per ...

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First Published: Wed, July 22 2020. 06:02 IST
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