Banknifty and Nifty have started consolidating while other indices particularly small cap are falling apart. Probably because of bloated valuations in small cap and g=finally actuals result numbers are showing the reality.
Zomato also posted a huge loss number yesterday. There will be selling pressure in this.
Biden Administration passed $1trillion dollar infratstructure bill. Markets gave a meh! to it as it was already discounted weeks ago.
Now only job numbers and inflation data can bring any major action.
Metals showed weakness yesterday, so have to start considering portfolio rebalance if things go down more.
Banknifty meanwhile is again making a tight range, we don’t need it to stay here any more longer but let’s see what happens.