Most stocks have fallen far more than the headline index number would suggest.
A bear market is one in which an index has fallen 20 per cent or more. The S&P BSE Sensex is down 8.1 per cent from its 52-week high. The broader S&P BSE 500 has fallen 9.4 per cent. The majority of its constituents have done considerably worse. The median stock is down 23.6 per cent.
A total of 333 stocks out of the S&P BSE 500 have fallen 20 per cent or more. The index accounts for more than 95 per cent of the total