New Delhi, Feb. 25 -- The dreaded mid-cap and small-cap correction is finally here.

After closing at a record high of 57,703 on 11 December 2024, the BSE SmallCap index has tumbled to 45,157 in just over two months, a fall of almost 22%, thus putting it in the category of a bear market.

Individual stocks have taken a much worse beating, some even falling by as much as 50%.

Opinions on what the market will do next and what should be the next course of action are extremely divided as expected.

Some anticipate the markets will fall further, while others believe that this could be a good time to start accumulating fundamentally strong small caps.

The current correction takes me back to July 2018 when the BSE SmallCap index entered into a...