Will the correction continue?

After the dream run which took the Sensex above the 6,400 level last week, profit-taking has taken centrestage. Market experts don’t rule out further correction in the market in the coming days.

According to fund managers, a slowdown in FII inflow may provide the trigger for correction. FII inflows are expected to slow down in the coming days as fund managers will go on Christmas vacation. However, the market undertone remains bullish on expectations of strong corporate earnings growth.

The Sensex plunged 74 points on Friday to 6,346.48 — its biggest fall in a single trading session in a long haul.