The coronavirus pandemic has badly shaken the global economies and triggered an across-the-board sell-off in equities as an asset class. The Dow Jones Industrial Average (DJIA) and the S&P 500 ended their 11-year bull-run as the S&P BSE Sensex and the Nifty 50, too, entered bear-market territory with a fall of over 30 percent each. A fall of 20 percent or more in a stock, or an index, is regarded as a bear phase for that traded unit.
18 percent of the stocks that comprise the Nifty 100 and have long trading histories recently traded below their global financial crisis (GFC) valuation. The market meltdown also saw 84 percent stocks go below their five-year and 78 percent below their 10-year average valuations, experts opined.
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