Recent market corrections have been influenced by a combination of factors, including significant foreign portfolio investor (FPI) sell-offs totaling approximately $14 billion in under two months, marking the highest outflow in a short period. The market's reaction was further fueled by the US election results, which raised concerns about potential policy changes and their implications for India.

Corporate earnings have shown muted growth recently, contributing to the overall market downturn. Additionally, the strengthening US dollar, alongside the weakening of the Indian rupee, has added to the volatility. The influx of new primary issuances has also increased market supply, further impacting investor sentiment.