No harm in booking some profit so long as market rally continues
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 cent since its March 23 intra-day low, and it is just short of its all-time high. That is, the index is just 10.6 per cent short of the closing all-time high of 41,952 points on January 14, 2020, and 11.5 per cent short of the intra-day all-time high of 42,273 points on January 20, 2020.