Jigar Mistry of Buoyant Capital highlights how flows outweigh fundamentals in the market. Caution needed due to smallcap rally driven by new money from retail and mutual funds. PSU side is questionable. We need to take a step back, look at the businesses which are underlying and not just go for PSU as a theme Consumption sector underperforming. Uncertain market outlook with possible correction.
On 4th May, the price of Bitcoin was seen to manage to move higher
after a bad open to that week on Monday.
Yet the crypto move back alongside equities and fol.