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Given the valuations,there is a reasonable chance of a correction in Indian market: Anand Tandon
There is potential "market correction due to weakening global flows and the market's high valuation relative to long-term fundamental numbers. While India's domestic flows remain resilient, even mutual funds show a slight easing off in fresh investments into equity funds. Global weakness, whether due to China or the US, will eventually catch up with India, as the country's growth depends on external factors. "