Furthermore, it is expected that China would continue to stimulate the economy. Domestic investors’ significant inflows into mutual funds have helped stabilize the market, while FIIs have been net sellers in recent years.
So, a little fundamental and a little technical. To be honest, the adjustment hasn’t been that significant. So, a major correction will make us happier as the market gets more robust and safer as it corrects further,” says Anand Shah, ICICI Prudential AMC.