Dipan Mehta highlights the unprecedented liquidity in markets from tier II and III cities and its unpredictable outcomes. He expresses concerns over PVR-Inox due to OTT competition and sees potential in banking stocks like Bandhan Bank and IDFC First Bank. Challenges in the capital goods sector due to high PE multiples and execution issues are also noted.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest