The market has seen some moderation, which was expected after a sharp rally in the year so far but deep correction is unlikely, that is the word coming from Mahesh Patil, the Co-Chief Investment Officer of Birla Sun Life AMC on Wednesday.
Equity benchmarks already corrected around 2 percent from its record highs touched last week, which was on expected lines. Anyway, the market always gives investors a chance to book some profits after some period of time. In the previous session, the Nifty fell below 10,000-mark for the first time in two weeks, especially after capital market regulator SEBI on Monday released a list of 331 shell companies identified by Corporate Affairs Ministry.
