Be cautious, wall of money driving markets; global market-related sell-off could come: Sandip Sabharwal

economictimes.indiatimes.com:

Sandip Sabharwal, asksandipsabharwal.com, says tax relief for reviving consumption is essential because consumption is one part of the entire growth basket which has been deeply lagging. Consumption growth has been half the GDP growth. Ultimately GDP growth cannot be sustained unless consumption revives, so that is something we need to see. Markets have been rising almost every day. This kind of frenzied rise did not last. So, people who have a short-term orientation need to be very careful right now.

The market rally continues to build. One is just waiting for a dip to buy. Do you see that imminent? Maybe after Budget a sell-off is expected or do you think just deploy, do not wait for that dip at all?
Sandip Sabharwal: It makes sense to wait; you cannot buy stocks at all prices. You need to buy and wait for the right opportunity. Now the opportunity will come. We are entering into a phase where the markets are going into a frenzied kind of up move and eventually, we will see a sell-off come in. Now whether that happens next week or next month, it is very tough to break the exact timelines, but it could also be correlated to a correction in the global markets and that could also have a rub-off in India.

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If we look at the results that have come out and the way markets have moved