Whenever, the US Bond yield reaches or is nearing 4.335% level, the equity markets world over, including Indian markets start correcting. Currently, the US Bond yields are hovering around its peak level and if it crosses once again above the previous high of October 2022, prospects of correction in the domestic market are expected to brighten. The correction which we are seeing right now may continue further and Foreign Portfolio Investors (FPIs), which are currently in a lull phase in the domestic market, may turn active in pulling out funds.