Stock market returns under presidential administrations are more correlation than causation, regardless of what political pundits say.

As per Nifty charts, a break below 22,970 could trigger another steep correction, exacerbating the selling momentum in India stock markets

The Indian stock market has been down for the last five sessions. On Tuesday, the Sensex closed 1,018 points, or 1.32 per cent, down at 76,293.60, while the Nifty 50 settled 311 points, or 1.33 per cent,