Economic Times | 17/11/2021 10:31 AM | Click to read full article
When valuations are rich, as they are now, some triggers can cause a market pullback. The minor pullback yesterday was caused by the RBI's observations on excessive stock valuations. But the RBI had made similar observations a few months ago and the market ignored that. A sharp market correction is likely to happen when the FIIs turn big sellers.
But there are no signs of that yet.