New Delhi, March 11 -- After the recent stock market correction, domestic brokerage house Ventura Securities has outlined a series of potential bear case scenarios for the Nifty index in 2025, assessing valuation declines based on historical market corrections. According to the brokerage, Nifty could see a significant downside depending on macroeconomic factors and market sentiment.

The report highlights key valuations that benchmarks observed during past crises, such as the Global Financial Crisis (GFC) of 2008 and the COVID-led market crash in 2020, offering a framework to gauge possible market movements.

Ventura noted that if the Nifty replicates valuation levels seen in previous market corrections, the index could drop to 20,510 bas...