There is a lot of liquidity on the sidelines, said Gurmeet Chadha, co-founder and CEO of Complete Circle Consultants, in an interview to CNBC-TV18.
“A lot of family offices I speak to, there is a feeling of missing out. We see that with the domestic flows. So there is money on the sidelines. So if there is some correction I think a lot of money on the sidelines will come in,” he said.
Chadha further added that there could be a consolidation in the markets. “My sense is some consolidation can happen and should happen. We have seen a sharp run up, we are seeing some rotation also from pharmaceutical, IT and COVID themes to some value and non-COVID depressed themes. Banking and financials have been one of the beneficiaries in this move. So some consolidation will happen. I think a lot of positives are getting priced in,” he added.
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