With reference to “Inevitable correction” (February 13), the stock market was on the boil and this ride had to come to an end. It was mainly due to negative global cues as well as the recent Budget, which was obviously populist in nature considering it was the last budget before the next general election. Though news from the US, where economy is expanding fast and generating decent jobs, should please locals there, its negative impact was felt 9,000 miles away in India.
As rightly mentioned in the editorial, in