March 2020 lows biggest turning level for Indian marketplaces: Jhunjhunwala
2 min read

Ace trader Rakesh Jhunjhunwala on Tuesday dubbed the existing Covid crises a “temporary blip” and explained India is poised for a lengthy bull market.


“Despite the next wave. We will have double-digit progress. We are in the midst of a big bull run. India is beautifully put to log double-digit growth,” he stated for the duration of an celebration organised by AIMA.





Requested if the ongoing correction in the marketplaces would increase further, he stated: “That is difficult to predict. If we peak at all around 250,000 conditions, I don’t see the marketplace slide significantly. If it will become uncontrollable and goes up to 600,000 a day, then the market place may fall.”


Jhunjhunwala explained the lows built in March 2020 was one of the three large turning points in the Indian inventory markets. He said the March 2020 lows was a defining moment like the 1989 Union Finances, and the reduced following September 11, 2001, assaults. “The Covid lows in March were being the biggest opportunity. The possibility-reward was so substantially in your favour. Something you bought is double or triple of the base,” he stated.


The ace investor remains optimistic about the Indian financial system, and stated the metals sector will be a crucial beneficiary. He reported the demand for metals will be large and that investors have mainly ignored the sector in the previous 10 many years.


He also reported there is a enormous divergence in cement and steel inventory valuations, taking into consideration their potential clients.


The most battered shares in the mid- and little-cap universe will give the ideal returns, Jhunjhunwala predicted.

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