"There would be some consolidation in the market because we need to see next one or two quarters of economic growth and also how companies are performing in this volatile period, because of the margin pressure and raw material price surge. It is more of a consolidation than a correction phase unless we have some sort of a Black Swan event again -- which could be a global or a domestic event," says Jinesh Gopani, Head of Equities, Axis Mutual Fund.
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