Bull market or trading illusion? Nithin Kamath says India's stock market data is sending mixed signals

Nithin Kamath cautioned that Indias market rally may not reflect a broad bull run, citing weak cash turnover and negative equity inflows. Growth is driven by SIPs and leveraged trading, raising concerns about speculative activity dominating true investment participation.

May 5, 2026 - 21:00
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Bull market or trading illusion? Nithin Kamath says India's stock market data is sending mixed signals
Nithin Kamath cautioned that Indias market rally may not reflect a broad bull run, citing weak cash turnover and negative equity inflows. Growth is driven by SIPs and leveraged trading, raising concerns about speculative activity dominating true investment participation.

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