GFC 2008 was only other incident when NIFTY went down this for substantial period.
However when it went back up on the trend-line, it stayed there up until the crash of Health Crisis.
Now, Nifty has recovered from the crash and went back up on the , this bull trend is here to stay!
I do believe valuations don't justify the of many stocks currently but from a trader point of view, I'd still be .
NOTE: This is my personal opinion and in no way a investing or trading recommendation.