On IIFL Securities Ltd.’s trading floor in Mumbai, 70 dealers spent most of the day on the edge, advising clients to hold off on buying the dip as the sell-off sweeping global equities gathered pace.
By the end of Thursday, Indian stocks had tumbled into a bear market to join equity benchmarks from Australia to Japan and Brazil to Italy -- a sign the pain from virus-fueled rout that’s erased trillions of dollars in global stock-market value may not be over yet, the brokerage said.
