Domestic equities rose to their peak levels in October on strong global cues with P/E multiples touching 31 for the Sensex. This then prompted a sell-off by foreign investors, prompting them to pull a whopping ₹13,550 crore from Indian equities during the month. Indian stocks have witnessed a heavy outflow of foreign investment - a key driver for domestic equities - over the past two months. Benchmarks like Sensex have corrected nearly 10 per cent from their record high levels. Both the Sensex and Nifty tanked about 2.5% each as concerns about risks from the rapid spread of the omicron coronavirus variant prompted selling in global equities. The Reserve Bank of India is forecast to hike its repo rate by 25 basis points in Q2 2022, its first increase in more than three years, In this episode, we have experts Nimish Joshi and Rajeev Mantri speaking about these events and more, and gauging their short, medium, and long term impact on the Indian stock market. They spoke about what actually happened in the market correction, IPO market post the underwhelming PayTM IPO, the near future outlook, the influence of macro factors on stock prices, and more.