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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 higher. The structural reforms rolled out over the last one year and the pro-investment policies announced in the Union Budget for the next financial year are likely to improve the long-term performance of the Indian economy. While significant policy support has been extended by the recent policies and there are early signs of a recovery, major efforts are required to attract and foster corporate investment. ....