Dalal Street has been on a bull run like its global peers. The Sensex and the Nifty have gotten into the habit of scaling new record highs every other day in the recent times. There is however a worry that valuations are high and a correction might be around the corner.

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Veteran market investor, Madhu Kela, isn't really worried about this. In an interview with CNBC-TV18, he said, “My view on market still remains very positive in the medium-term to long-term.”

“On an overall basis, there is fear in some pockets of the market that the index has gone so high, so maybe market will correct and then we will buy. I am saying, market will correct but what you want to buy may not correct as much as you want it to,” he explained.

“The base of the market is rising... there are no signs of any euphoric valuation in the market, is what I am saying. People should be adequately invested,” Kela advised.

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(Edited by : Abhishek Jha)