Earnings volatility may lead to a correction: Dolat Capital's Khurana

At current levels, markets are fair-valued, not overpriced, says Amit Khurana, head of equities at Dolat Capital. In an interview with Samie Modak, he speaks on whether a correction in the markets can get bought into. Edited excerpts:

What has driven the rally in November?
 

Benchmark indices have gained over 11 per cent in November led by record inflows from foreign investors. These have been supported by clarity on US elections as well as MSCI rebalancing, of which India has been a key beneficiary. In this liquidity-led rally has been underpinned by expectations of a weakening US dollar. From the