Buy stocks when the last bull has turned bear in the market, goes the saying. The situation on Dalal Street may not be as bad now, but market veterans say investors buying stocks through the ongoing correction stand the best chance to make handsome gains.
"The best performing stocks in your portfolio will invariably be the ones bought in a bear market, not during a bull run," said Amar Ambani, Head of Research, IIFL.
The benchmark indices have been flirting with the bears for the better part of the past one month. The S&P BSE Sensex has shed 7 per cent of its value during the month and is down 19 per cent from the record high hit in March, 2015