Markets are still healthy, maintain a positive outlook: CapitalVia’s Likhita Chepa

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Benchmark indices were trading with marginal gains in the volatile session. The Sensex was up 99.30 points or 0.19% at 52,417.90, and the Nifty was up 29 points or 0.18% at 15,709. About 1,833 shares have advanced, 1,059 shares declined, and 100 shares are unchanged.

Likhita Chepa of CapitalVia Global Research shared insights on the markets on Money9 and said, “Markets continue to remain in an uptrend”

On the long haul of sideways momentum, she said, “I believe the consolidation we are witnessing is very healthy for the markets before we breach 16,000. This consolidation will cool down the valuations which are elevated right now. This allows an opportunity to even investors to book profits”.

On the impact on earnings, she said that while the second wave has had a wide impact but we believe the sectors will improve and come out of the impact and the management commentary and vision for growth is strong. The sectors she believes will continue to rally further are metals and banking.

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