NSE Enters Bear Market
On 12th March, 2020, after an incessant selling, NSE Nifty index entered into ‘bear market’ territory. This happened after the World Health Organisation (WHO) declared the coronavirus outbreak a pandemic.
Bear Market
- A ‘bear market’ is a condition during which a security or index plunges more than 20 percent from a recent high.
- This typically signifies a prevalent negative sentiment and a massive sell-off in the market or a particular stock.
Causes
- A bear market is caused by a loss of investor, business, and consumer confidence. As confidence recedes, so does demand. This is the tipping point in the business ....
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