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Market recovery fragile; unwise to go for risky gains: Motilal Oswal MD

Raamdeo Agrawal of Motilal Oswal Financial Services cautions the day the market realises that earnings won't come back in a hurry, they will go sideways, or may correct

Raamdeo Agrawal, motilal oswal
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Market fundamentals don’t look very promising in the short run. We have recovered very fast from the collapse which makes me worried. The confidence to invest is slightly shaken, says Raamdeo Agrawal

Puneet Wadhwa New Delhi
After near 50 per cent rally in the frontline indices from March 2020 lows, RAAMDEO AGRAWAL, co-founder and joint managing director, Motilal Oswal Financial Services, in an interview with Puneet Wadhwa, cautions the day the market realises that earnings won't come back in a hurry, they will go sideways, or may correct. Exited excerpts:

Has the recovery since March 2020 lows taken you by surprise?

Yes, the market recovery has come as a surprise. The main problem for the markets is not Covid-19, but the fear of this pandemic. Over the past few months, the fear has been subsiding but

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