 "Bear market, Stock market")
Markets have mostly been on a downward spiral since last week when the US Federal Reserve (US Fed) hiked rates by 75 basis points – the third such hike in 2022. The S&P BSE Sensex and the Nifty50 have tumbled over 1 per cent each since then, and have turned negative in 2022 as regards the overall returns.
ALSO READ: Markets may remain volatile with selling bias: IIFL Securities chairman
ALSO READ: Markets may remain volatile with selling bias: IIFL Securities chairman
The selling, technical indicators suggest, has dragged 268 stocks (over half) that comprise the Nifty500 index below their respective 200-day moving average (DMA). For long-term investors, the 200-
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