D-St Down 7% From Peak: More Correction Likely? | Raamdeo Agrawal & Navneet Munot Share Insights

Speaking at CNBC TV18's Market Movers Forum, Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, shared his insights on the current state of the Indian stock market, which has been experiencing a notable correction.

Agrawal said this is "the healthiest possible correction" and was much needed.

Meanwhile, speaking on the PSU rally, Navneet Munot, MD & CEO of HDFC AMC emphasised that while PSUs operate in diverse sectors, the rally was driven in part by a market narrative that surpassed the underlying fundamentals.

"There were pockets where, because of the low floating stock, there was a lot of euphoria. The narrative got ahead of the fundamentals, and prices reached a level where there was no way incremental money could have been made," said Munot.

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