Anuradha Himatsingka and Basistha Basu/ET/ 15th June, 2006
The Ursa Major and the Ursa Minor are kind of eternal. Bears, as in the animal kingdom, aren’t. But this species is now extinct: the bears of the Indian stock market. They are gone forever.
What has remained, unfortunately, is a memory and a rhetoric that’s more often wrongly used. A bear syndrome in the modern-day stock market context in the subcontinent has come to mean, very simply, a sustained or a staggered, but continuous, fall of the market index, noticeably the sensex.
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