Expect a time, price correction over next few months: Jyotivardhan Jaipuria

'Returns in the market for 2023-24 (FY24) may have been front-ended, and a period of consolidation will be healthy for the markets'

After a sharp run since their March 2023 lows, the markets seem to be in a phase of consolidation. JYOTIVARDHAN JAIPURIA, founder and managing director at Valentis Advisors, tells Puneet Wadhwa in a telephonic conversation that they have been creating some cash recently to enable them to buy stocks cheaper in case of a market correction. Edited excerpts:

After a sharp run since March, do you expect the markets to undergo a time- and price-wise correction now?

Some positives have led to the rally. Firstly, interest rates are peaking in India as well as globally. Secondly, fears of a US recession