Coronavirus scare: Market crash is a buying opportunity, says history

The latest selloff in the market on account of the coronavirus scare could be a good buying opportunity if history is an indication. On six of nine occasions when the market has corrected more than 10 per cent, it has recouped all its losses within two months, shows an analysis by ICICI Direct, the retail broking arm of ICICI Securities. Since 2011, the market has seen a 10 per cent-plus fall because of headwinds, such as the European debt crisis, end of the US bond-buying programme, and a surprise currency devaluation by China. Some of the recent triggers for the