Bear Market Rally or a New Bull Market?

Among all the negative news globally, the frontline indices of Indian equity market are up by almost 16 per cent from their recent lows attained in the mid of June. Most of you would be wondering if the current momentum in the market marks the end of correction that started last year in the month of October or are investors being suckered by a bear market rally? The most common understanding of a new bull market is marked by a 20 per cent gain from the low for a sustained period of time. We are quite a few percentages away from that.