First in the run up to the US Presidential elections and then on vaccine cheer, Indian markets on strong global cues has been seeing a straight line up move and it is said to be more liquidity driven rather than conviction fuelled.
And so, while the month of December historically does not see steep correction, correction in the current market environment cannot be ruled out. For the month of December, historically, the returns are more or less average.
So, as the up move on the headline Indian indices is more or less vertical it shall be difficult to sustain, there is an expectation that the market will flatten out as well as give a correction going forward. Nonetheless, it in no way implies that the bull run shall come to an end and instead a sharp and fast correction is in the offing.