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ICICI Bank: Unwarranted Beating, Proven Growth Prospects [View article]
The major reason for the downfall of the stock market are:
1. There are macro factors that affect a stock market. Big players in the market always invest lows and sell highs.
2. With inflation going through the roof large investors may have moved from equities to commodities
3. There's also a latest fear that the Indian growth engine has taken a pause. Afterall if the GDP (industrial production) does not grow as expected, once cannot assign the same valuations to a stock