New Delhi, June 19 -- The Indian stock market is undergoing a correction, which may continue for some time. According to Rohit Srivastava, the founder and market strategist at Indiacharts.com, the benchmark Nifty 50 could retest the levels of 24,000-23,500 on the downside.

On Thursday, June 19, the Nifty 50 traded lacklustre in the morning session after opening at 24,803 against its previous close of 24,812. Around 10:20 AM, the benchmark index was 0.10 per cent up at 24,837.

The domestic market has been in a range in the recent past, struggling to give a decisive breakout amid tariff-related uncertainties, geopolitical tensions, foreign capital outflow and stretched valuation of the domestic market.

While factors such as ongoing rate ...