buying after the sharp downfalls by the equity market in August.
"The recent positive news flows both on domestic and global front helped to improve sentiments in the market and has led to sharpest rise in Sensex in last four years. On account of this, some existing investors are likely book profits," EVP and head (retail and institutional business) of ICICI Prudential AMC, Raghav Iyengar, said.
He also said volatility would continue on account of global factors and pre-election period.
Equity investment will see a boost once some clarity emerges into the market regarding the direction of domestic economy, Iyengar added.