New Delhi, March 5 -- Indian stock market is grappling with a 'homegrown bear market', and the tools at policymakers' disposal seem inadequate to engineer a swift recovery, ace investor Shankar Sharma has warned.

In a recent post on X (formerly Twitter), Sharma drew parallels between the current downturn and past bear markets, highlighting that while India has faced four major crashes since 1990, only one - post-Harshad Mehta scam - was a local problem. The rest were global events where coordinated central bank (CB) interventions led to faster rebounds.

"We have had 4 major Bear Markets in India since 1990: '92: Harshad. 2000: Dotcom. 2008: GFC. 2020: COVID. The market recovered fairly quickly in 3 except in HM mandi. Why? Because that ...