'PSU banks a trading opportunity than long-term investment theme'

The main concern for the PSU banks is governance, says Pradeep Gupta of Anand Rathi Shares & Stock Brokers

Even as long-term outlook for the Indian equities remain positive, PRADEEP GUPTA, vice-chairman and co-founder at Anand Rathi Group tells Saloni Goel in an interview that minor market correction and considerable volatility in the near-term cannot be ruled out as spike in bond yields and considerably high valuations make market trajectory shaky. Edited excerpts:

Q. The benchmarks have been volatile since the last fortnight. Is it the signs of time to come in CY2021? If not, what do you think could spark the next leg of the rally?

The equity market has nearly doubled since April 2020, taking valuation considerably