This makes it 14 daya of relentless selling everyday with 85k crores + outflow from FIIs , if 24700 goes in Nifty , whole market may take a deeper plunge.
This is happening when most global markets are rising.
Tepid Earning season certainly not supporting valuations in India. But valuations are also correcting. Trailing Nifty PE is 23 , by end of eaening season at present price, that may drop to 22 - mean Nifty PE since 2014 when this political unit were elected.