Dilip Bhatt rules out major corrections; predicts period of market consolidation

Dilip Bhatt of Pedigree Advisory suggests Indian markets, driven by liquidity, are at a crossroads due to unpredictable FII behavior. He anticipates market consolidation if FII support weakens, dismissing significant corrections. While valuations seem high, FMCG stocks are expected to rebound in the coming quarters, offering potential short-term gains as volume growth emerges in both rural and urban areas.