The bear market is roaring; the govt should wake up and listen
The Nifty 500 index has fallen by about 10% from its high in early June
Investors are increasingly worried about dismal earnings and weak macroeconomic data
Are we in a bear market yet? Technically, a bear market is defined as a correction of more than 20%. By that measure, it may seem like a relief we are not yet in a bear market, since the Nifty 500 index has fallen about 10% from its high in early June. But as Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services Ltd says, “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."
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