Lines between haves, have-nots and want-mores harden as markets slide

A year ago, the Nifty was at record highs. Retail investors were flooding into the market, convinced they had cracked the code

Is the market in a bear grip? Veteran investor Krishna Jha thinks so.

India has more billionaires than the UK, yet its ultra-rich remain disconnected from the economic insecurity. (Shutterstock)

The veteran investor made his first fortune when he exited a technology company in his younger days. Since then, he has lived through bull and bear cycles. He now knows soaring markets and gut-wrenching crashes and promises of “this time is different” never hold true. He has also learnt that a bull run, fuelled by excess liquidity and overconfidence inevitably, collapses under its own weight. And yet,