Are we going to see an end to the bull run now? Will equity markets fall?
We've always pointed out that once the strength of India data points come out, there will be a reversal of FII flows, and that is what has happened. Look at the last 45 days of flows of FIIs, which has taken the market up. I don't see any reason for any sudden reversal of flows at this moment. However, when stocks go up very suddenly, there is an inherent tendency of markets to sort of consolidate, but there is no data pointing towards a reversal at this moment.
