Technically, a bear market is defined as a correction of more than 20%. By that measure, it may seem like a relief, since the Nifty 500 index has fallen about 10% from its high in early June.
“You don’t need to look at the index. If you have 500 companies at 52-week lows, and not even 5 companies at their highs, then there is no question this is a roaring bear market," said Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services Ltd.
Read more at https://www.livemint.com/market/mark-to-market/why-govt-should-take-off-earmuffs-and-hear-the-roaring-bear-market-1564678023284.html
“You don’t need to look at the index. If you have 500 companies at 52-week lows, and not even 5 companies at their highs, then there is no question this is a roaring bear market," said Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services Ltd.
Read more at https://www.livemint.com/market/mark-to-market/why-govt-should-take-off-earmuffs-and-hear-the-roaring-bear-market-1564678023284.html
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