Sensex nears 10% correction. Should you be worried?

The Indian stock market's stellar run has hit a speed bump. After surging nearly 17 per cent until September 2024, the Sensex crashed almost 10 per cent from its record level of 85,000, which it touched five weeks ago. A notable market correction of over 10 per cent last occurred over two years ago in February 2022, triggered by the Russia-Ukraine conflict. Since then, markets have largely moved upward. It is, thus, natural for many investors to feel unsettled by the ongoing downturn and give in to panic. However, equity investing is a long-term endeavour that rewards consistency and patience . Historical data attests to that. It shows that the longer one stays invested after minor corrections, the better their chances of steady returns are. What past data shows Historically, after a 10 per cent crash within five weeks, markets gave steady double-digit returns only 44 per cent

This article was originally published on November 05, 2024.