@Simply Vicky I don't find any direct relation of tax harvesting with the current downfall..
# profit booking in the end of financial year is a very common..
# price correction in small cap & mid cap shares due to sebi intervention is also a reason of downfall the overall market in this March month..
#Further in coming April & May months..financial results of the companies will derive the share market..
#And at last... Don't forget that Political situation of the country can also impact the share market in future.. If ruling party will not get victory with a convince no's of seats in coming elections..
Note:-- These are my personal views only 🙏