The liquidity position is strong, and while valuations are looking stretched, people want to stay invested in the market.
The market is vibrant ... only money is talking now, news is immaterial.
There is ample liquidity in the market and investors are also building positions in anticipation of tax benefits from the budget.
There was a big run-up and a lot of expectations leading up to the earnings, so a little bit of bad news or even in-line earnings will lead to nervousness.
