About 25% stocks in smallcap space correct up to 60% this year. Is it a sign of a healthy bull market?

Domestic markets have experienced a relentless bull run this year, with key indices reaching record highs driven by solid macro fundamentals and discussions about easing the interest rate cycle. The rally has been broad-based, including small-cap and mid-cap stocks trading near their 52-week peaks. However, around 25% of small-cap stocks in the BSE Smallcap index have faced price corrections in 2024, according to Ace Equity data.