Manish Chahar retweetledi
🚨 INDIA’S SILENT BEAR MARKET 🚨
Millions lost money. Almost nobody talked about it.
Honestly, the real damage in this market doesn’t show up on the index.
You understand the reality only when you open your portfolio 📉
Personally, my equity portfolio is also down around 17 to 19% from the peak.
Not hiding it.
But one good thing is that I had already mentioned earlier that I was raising cash.
I booked a large part of my portfolio into cash before this phase intensified.
Even now, I’m still sitting on nearly 40% cash 🏦
And honestly, right now cash itself feels like a strong position.
Because yes, the market has corrected hard, but despite that, I still don’t see many high conviction opportunities where I feel like deploying aggressive capital.
That itself says a lot about this market phase.
Almost 70% of my invested portfolio is tilted toward large cap IT 💻
And that turned out to be one of the hardest hit sectors of 2026.
📉 Infosys down more than 30% from highs
📉 TCS corrected nearly 25%
📉 HCL Tech heavily damaged
📉 Reliance stayed under pressure for months
📉 Even HDFC Bank and Kotak failed to deliver meaningful returns despite being considered “safe” stocks
And it’s not just large caps getting hit.
The biggest illusion right now is that people think small cap and mid cap indices are still doing fine.
Reality is very different.
A handful of heavyweight stocks are holding the indices together.
Otherwise, the average small cap and mid cap stock is still nearly 25 to 35% below its highs 📊
That’s why so many portfolios feel completely destroyed even when the index itself doesn’t look that scary.
Now look at the actual market breadth:
📌 Feb 2025 → 81% of Nifty 500 stocks below 200 DMA
📌 Jan 2026 → 70% below
📌 Mar 2026 → 67% below
Right now:
🔴 84 stocks at 52 week lows
🟢 Only 15 stocks at 52 week highs
Out of 500.
During the peak of the COVID crash, nearly 83% of stocks were below their 200 DMA.
We almost reached the same level again.
The only difference?
This time there was no panic on TV.
No breaking news.
No “market crash” headlines.
Just portfolios bleeding silently in the background.
And honestly, the system itself isn’t helping either.
💸 STCG
💸 LTCG
💸 STT
💸 GST
💸 Brokerage
💸 Stamp duty
At some point, the Finance Ministry and the Indian government need to seriously understand this:
Markets cannot keep attracting global and retail capital while continuously increasing friction through taxes and costs.
Retail investors are already sitting through brutal drawdowns, and FIIs have dozens of alternative markets globally.
Capital does not stay emotional.
It flows where participation is rewarded, confidence is protected, and investing feels attractive.
India has one of the strongest growth stories in the world 🌏
But the market ecosystem also needs to reflect that strength.
Because eventually, overtaxing and weakening investor sentiment starts damaging participation itself.
And if your portfolio is down badly right now, trust me, you are not alone 🤝
Large mutual funds are down.
Veteran investors are down.
Institutional portfolios are down.
This phase is just that brutal.
Some market phases test your analysis.
Some phases test your patience.
And some phases are designed to mentally break even strong investors.
But one thing I know for sure 📚
The more painful the phase, the more powerful the eventual recovery tends to be 🚀
You just have to survive long enough to see it 💯
#IndianStockMarket #BearMarket #DalalStreet #RetailInvestors #NirmalaSitharaman #FMMinister
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