When an index falls more than 20% from its 52-week high, it is considered to be in a bear market. The Sensex and Nifty are down nearly 13% from their highs.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,