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Wait for Q2 results to enter stock markets; smallcaps, midcaps may outperform in near term | Interview

The volatility in the Indian share markets continues to persist, with the BSE Sensex hovering around 39,100, and Nifty 50 testing 11,550. From March lows, headline indices have rallied over 50 per cent, but are still 7 per cent down from record-high levels. Naveen Kulkarni, Chief Investment Officer, Axis Securities, advises short-term investors, who have been waiting for more correction in the markets, to wait till July-September quarter earnings. In an interview with Surbhi Jain from Financial Express Online, Kulkarni said that even if markets do not correct post second-quarter earnings, the results will provide clarity on future prospects. In …

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