This is still a bull market and it is unrealistic to expect a 30% correction, says Shankar Sharma, VC and Joint MD, First Global, on CNBC-TV18. But if global equities suffer, then India will not be isolated, he adds. The Indian market may stay sideways for sometime, but will lead the global equities rally, he says. It may also re-test new highs before month-end

The going is still strong for the market! Sensex is currently at 19,569, up 205 points from the previous close. Nifty is at 5852, up 89 points. The BSE Midcap and Smallcap indices are up over 2% each. All BSE sectoral indices are trading in the positive terrain, with metals, oil & gas and capital goods sectors leading.