On why there can be a strong pull back at Indian stock market, Santosh Meena, Head of Research at Swastika Investmart said, "The recent deal on the US debt ceiling had already been anticipated and taken into account by the market, resulting in the absence of a significant downturn and a rally despite the prevailing chaos surrounding the issue. In addition to this, there has been a stream of positive news, including robust GDP data, the resolution of the US debt ceiling, a decline in commodity prices, and increased Foreign Institutional Investor (FII) activity."Read more:
