March 2020 lows biggest turning point for Indian markets: Jhunjhunwala

Says current crisis is a temporary blip and India is poised for a long bull market

Ace investor Rakesh Jhunjhunwala on Tuesday dubbed the current Covid crises a “temporary blip” and said India is poised for a long bull market. 

“Despite the second wave. We will have double-digit growth. We are in the midst of a big bull run. India is beautifully placed to log double-digit growth,” he said during an event organised by AIMA. 

Asked if the ongoing correction in the markets would extend further, he said: “That is difficult to predict. If we peak at around 250,000 cases, I don’t see the market fall much. If it becomes uncontrollable and goes up to 600,000 a day,