The stock market was clearly in the overbought zone and a correction was long overdue. I think we should look at today's fall as the beginning of the correction process.
The market mood has been boosted by hopes that most of the corporate houses will unveil better than expected quarterly earning numbers in the weeks ahead.
It is a very moderate hike and investors had factored in an increase before the presentation of the budget.
The market staged a smart rally in the last few sessions, defying expectations of a correction at higher levels mainly on account of large-scale investments by fund operators.
The stock market is heavily into overbought territory and a correction at this stage would be good for the overall health of the bourses. A correction at this level will give long-term investors to consolidate their gains before taking up fresh positions in the days ahead. Retail investors should adopt a cautious approach in the days ahead.
The correction has been triggered by large-scale selling by foreign institutional investors in sectors like metal and fast moving consumer goods. The weakness in the global market has also added to the pressure.
It's a dream run for investors. The market is showing no signs of losing steam despite touching such dizzying heights. The rally is based on strong fundamentals.
Although the market closed with a loss of over one percent on Friday, investors are taking a positive view of heavyweight new as well as old economy stocks.
The market is seeing a dream run. The runaway rally is not showing any signs of fatigue despite forecasts of corrections at these sharply higher levels.
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