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Market Correction
A correction is a decline of roughly 10% or more in a market index from its recent high, but less than the 20% that defines a bear market. Corrections happen often and are a normal part of rising markets.
Why It Matters
Naming a fall helps put it in context; it does not predict what comes next.
In India
By October 2026, the Nifty was about 15% below its record, deeper than a routine correction but short of a bear market.
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