New Delhi. The stock market has seen a big decline in the last trading week. After falling 4100 points in 5 days, the Sensex has now come close to 81700. The market cap of companies listed on the BSE has declined by more than 16 lakh crores during this period. It is believed that this decline may continue further. The Iran-Israel crisis was already pulling the market down and now the results of the elections in Haryana and Jammu and Kashmir also seem ready to contribute to this.

On one hand, while investors are scared of the upcoming downfall, experts do not seem to be too worried about it. One name on the list of such experts is Anand Shah of ICICI Prudential. In an interview given to NDTV Profit on October 3, he said that a further correction is better for now.

What did Shah say?
Anand Shah has said that if the market corrects itself (falls) in the coming times, it will be better for investors, especially retail investors. He says that this will make the market safer than it is now. Shah says that even though the entire market may not be overbought, prices in some parts of it have gone very high and they must come down.

How much correction is expected
Shah says that earlier the market used to see a very big decline. According to Shah, every 13-14 months the market used to fall by more than 20 percent on an average. He said that it used to correct 10 percent 2 to 3 times a year. Shah said, "Now this is not seen in the market. Since 2020, we have not seen any 20 percent decline and only once there has been a 10 percent correction. We would like to see a decline of 10-20 percent before investing money in the market with integrity. This will make the market very safe."