Stocks on Dalal Street continued to decline, with the Nifty 50 reaching five-month lows. The broader market showed weakness, with mid and small-cap indices dropping between 1.9% and 2.1% on November 13.

If the Nifty 50 closes down by 1%, it will reflect a 10% correction from the record high reached on September 27. Market participants are concerned about valuation risks, as stock prices have surged beyond what earnings can support.

A recent poll conducted by Moneycontrol among brokers and experts highlighted high valuations as a primary concern driving the current market downturn. The Sensex has fallen over 9% from its all-time highs recorded in late September, indicating a broader trend of market correction.