I beg to differ with some recent views posted here. Correction in market is a natural process and we don’t need any lectures like, it is March. But what is presently going on in the market is simply butchering. If more than thousand companies are in LC, it is not normal. Of course, it was on the radar, with SME IPOs getting oversubscribed more than 1000 times and doing out 3-4 lac lotteries to few thousand lucky investors. But excess of anything is bad. In my opinion this sell off has more negatives than positives and retail investors are worse off. And mind you, this sell off may unearth more scams, which will be a death Nell for the market.
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