Expert view, June 2 -- Amit Bivalkar, Head - Wealth at Equirus Group, says investors should reset their return expectations and avoid taking extreme positions in equities. In an interview with Mint, Bivalkar said the market appears resilient on the surface, but there are clear signs of tightening underneath. He cautions investors against taking extreme positions in the current environment. Edited excerpts:

To begin with, my view on the current market structure is that it appears resilient on the surface, but there are clear signs of tightening underneath.

India continues to remain one of the fastest-growing major economies, although growth expectations are gradually moderating as external headwinds build.

Inflation, which had remained ...