At a time when the US equity market is hitting new highs and major Asian indices are going through a strong bull run phase, the Indian market has come under a severe bearish spell. Take this, Korea’s Kospi has gained 193% in one year while Taiwan Weighted is up almost 100%. Japan’s Nikkei, the US’ Nasdaq and China’s Shanghai Composite have advanced 66.5%, 40% and 25%, respectively. Compared to all this, India’s Nifty50 is down more than 6% in one year. In the last two sessions, benchmarks -- BSE Sensex and Nifty50 have fallen nearly 3% each due to a rise in global oil prices and persistent FII selling.