Why bull run depends on macro factors?

Motilal Oswal’s Siddharth Khemka and Elearnmarkets’ Vivek Bajaj weigh in on why bull run depends on macro factors. For the last six months, we have constantly been arguing that the market is due for a quick correction. There are various concerns in the markets. However, the markets are not in a bubble. There are certain factors due to which the market is moving. One needs to be grounded and keep an eye on valuations. We are being very specific in terms of sectors. The strength in the market continues.

Bajaj said that he believes that the bull market has been there since 2009. “And we have been part of this structural bull market where the flow of liquidity has been instigated by multiple governments and banks,” he added.