Why the markets could correct more and Vistara overtakes SpiceJet

The Sensex has been in correction mode for the last few days, falling over 2%. What explains the sudden softness? We look at an interesting trend, and a break in it which points to a downhill trek for the markets in the short term. Separately, there is a change in the pecking order of the Indian aviation industry. How did a smaller Vistara manage to go past SpiceJet?

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Furquan here. As I write, the Sensex is down 774 points. It has been in correction mode for the last few days, falling over 2%. What explains the sudden softness? I look at an interesting trend, and a break in it which points to a downhill trek for the markets in the short term. Separately, Prince checks on another change, …

Author

Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor

prince@mailtmc.com

Mumbai

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking

furquan@mailtmc.com

Delhi