Rakesh Arora, Macquarie said after a smart rally, the market is looking for further triggers. "RBI kept interest rates unchanged which somewhat dampened spirits. The ongoing Parliament tussle is also not adding to confidence," he added.
According to him, on a positive note, monsoon is on track to be normal and India may be in for a likely bumper crop.
Arora said earnings season, too, is delivering on muted expectations. Overall, there's nowhere to go, except to follow liquidity, he feels.
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