Market rally liquidity-driven, need to be careful going forward, says Nepean Capital's Gautam Trivedi

The current market rally is liquidity-driven and hence once needs to be very careful going forward, believes Gautam Trivedi, co-founder and managing partner of Nepean Capital.

is of the clear view that market has run up way ahead of its fundamentals driven by liquidity, which is both from FII and domestic mutual funds.

“It is more of a liquidity-driven rally because if you look at the absolute numbers for the Nifty50 for the second-quarter results, they have been dismal and had it not been for the corporate tax rate cut, one would not have seen the 13 percent pop in PAT,” explained Trivedi in an interview with CNBC-TV18