Most global indices are near bear territory. Will the Sensex, Nifty follow?

Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months

The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook the global financial markets in early 2022. The recent geopolitical conflict between Russia and Ukraine sent commodity prices soaring with Brent crude oil prices hitting a 14-year high of $140 a barrel. All this has sent global equity markets into a tailspin over the past few weeks.

The Dow is now in a correction (-10 per cent from the peak) and the NASDAQ in a bear market (-20 per