Devang Mehta, in an interview with ET Now, mentioned that the Indian markets skilled a powerful and speedy rally from mid-April to June, supported by optimistic sentiment. Nevertheless, during the last three to 4 weeks, markets have entered a consolidation section, accompanied by a light correction. In line with Devang, there are not any important optimistic triggers driving broad-based momentum proper now. As an alternative, choose pockets are reacting to earnings and administration commentary, which he sees as an indication of resilience in an in any other case quiet market.
