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After 3% correction which way will the market go in coming week ? Here's what analysts say

The fall hasn't surprised experts, many of whom say the correction was overdue as the market was trading at higher valuations and most of the positives had been factored in.

February 28, 2021 / 09:19 AM IST

The Indian equity market witnessed heightened profit-booking in the second part of the week gone by as rising bond yields, geopolitical tensions and concerns over inflation eroded investors' risk appetite.

The Sensex fell 3.5 percent and the Nifty50 3.02 percent for the week ended February 26 compared to the 0.28 percent fall seen in the BSE midcap index, and a gain of 1.4 percent for the smallcap index.

The fall didn't surprise experts, many of whom say the correction was overdue as the market was trading at higher valuations and most of the positives were already factored in.

Here's how market analysts foresee the trend for the coming week: