Stock markets may see another phase of correction, says Edelweiss
Updated : May 21, 2018 12:08 AM IST
According to the report by Edelweiss Investment Research, approaching elections, elevated bond yields, emerging market currency weakness and deteriorating current account is likely to keep Indian markets under check.
In March this year, the 30-share sensitive index fell 10.16 per cent to 32,596.54 points on March 23, from a high of 36,283.25 on January 29.
Domestic mutual fund SIP flows have now reached $ 1 billion a month. This is a sizeable and supportive number and has been instrumental in keep stock volatility under check.