Market may need new catalysts to rise meaningfully, says Jigar Shah

The rise in bond yields has created a flutter in the global financial markets, including India. JIGAR SHAH, chief executive officer, Kimeng Securities India, tells Puneet Wadhwa in an interview that there is a good possibility of a time-wise correction with a range-bound market. Edited excerpts:

What is your interpretation of the way the markets have moved up since March 2020 lows?

The rise in equities is a global phenomenon, backed by negative real rates, surplus liquidity, and low-cost/high-speed internet trading causing a lure of ‘easy money’. In hindsight, the good news flow, starting with a massive stimulus in the developed world,