Markets continue to surprise with its intraday speed and momentum on either side. With a terrific response to Coal India IPO and relatively less allotment to be made to investors in all categories, good amount of liquidity is likely to come back to the secondary market. This should help in retaining the market buoyancy and reduce the risk of a major correction. To add to this the Q2 results so far have been amazing and will help in justifying the confidence in the market.
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