The Indian stock market fell for six straight sessions and is down close to 3.5% in June. The stock market ended the day on Tuesday at its lowest level for the year and has corrected over 10% from the all time highs seen on 4 March. That’s not all. The expert commentary in the marketplace suggests that stocks will remain weak in the near term, and some more correction cannot be ruled out.
But this is not the way things were supposed to be.
In 2014, when markets gained about 30%, the consensus view, especially during the general elections and its immediate aftermath, was that Indian markets are in a bull run and equity investors are set to see handsome gains in the short to medium term. Clearly, as things stand today, the story is not playing out according to the script, and investors are wondering what happened to the great Indian bull run.