Market rally would remain broad-based going ahead: Sampath Reddy

The Bajaj Allianz Life Insurance CIO expects natural profit taking to happen with rising markets, but does not see any meaningful correction

Markets have been trading sideways ahead of the meetings of the two major global central banks – the US Federal Reserve and the Reserve Bank of India (RBI) – over the next couple of weeks. SAMPATH REDDY, chief investment officer, Bajaj Allianz Life Insurance, tells Puneet Wadhwa in an interview that expect natural profit taking to happen with rising markets, but does not see any meaningful correction, unless there is a more aggressive taper stance by the US Fed. Edited excerpts:

What is your outlook for the markets for the remaining part of 2021?
 

We are cautiously optimistic on markets