Indian equities have seen milder falls in the past two years when there had been selloffs in global markets. Analysts say the wall of domestic money flow has averted sharper drops in local market.
For instance, following the Bank of Japan's decision to raise its key interest rate to 0.25% from near-zero to counter the yen's decline against the US dollar, most Asian markets fell between 4% and 11% in the last five trading sessions. In contrast, the Nifty dropped 3.8%.
Active mid, small-cap funds look smart in this market correction
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