This correction is an opportunity for investors to strengthen their portfolio, be it mid- or small-caps. The long-term outlook for midcaps remains positive as a large portion of them are domestically oriented businesses, say analysts
"Once the euphoria of the election results gets passed and absorbed by the market you are going to see a slow and steady profit booking, which could get accentuated in days to come,†says Sandeep Shenoy of Anand Rathi Financial Services
There is a possibility of opportunity emerging in different stocks. Deven Choksey, managing director of KR Choksey Shares and Securities, advises traders to concentrate on some of the good quality banks and NBFCs that may see some correction.