ETF flows driving expensive FMCG stocks, stay cautious: Sameer Narayan

I was criticised when I said on Saturday that the market will not react negatively on Budget announcements. People took notice of what I said. I was trolled, criticised but then the market is back to where it was on Friday. What is going on?
When the Budget came on Saturday, people had a lot to digest. Once the fine print was out, the numbers looked believable. This is like most Budgets where a lot of things are spoken and written about. But then, we are back to earnings. Perhaps the belief that the long-pending earnings growth revival is now likely to be around the corner, that belief is getting strengthened. 

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