August 2, 2019

We are in a roaring bear market

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.


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