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The carnage in the market has sent several stocks into multi-month lows. The benchmark Nifty on Thursday ended at its lowest since May 27, 2021.
It was the lowest close for the Nifty Smallcap 100 since April 23, 2021; for the Nifty Midcap 100 since June 2, 2021.
The small- and mid-cap indices are already in bear-market zone, having plunged 30.6 per cent and 20.4 per cent, respectively, from their peaks.
Meanwhile, the Nifty is fast-approaching bear-market jungle as it is currently down nearly 17 per cent from its peak in October 2021.
‘Bear market’ is a term used by investors to
