Sensex plunged 1,406.73 points or 3%, its biggest single-day fall since May 4. Foreign portfolio investors (FPIs) turned net sellers in the capital market on Monday as they sold shares worth ₹323.55 crore on a net basis."This correction seems more like a typical bull market correction, which could continue to be there for a while.
Nifty is expected to decline further towards 12750-12800 support," HDFC Securities said in a note.VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services says investors who have cash can deploy some part to buy quality stocks."A point repeatedly emphasized has been the vulnerability of the market at high valuations.