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Stock markets have always been a big draw for investors in boom times, but when the tide turns, the same individuals abandon the market, often with a vow to never return. India has lived through the boom-and-bust cycles like other markets. Today, though it is uniquely poised with a new generation of investors that have taken to the market, perhaps aided by the Covid phase, that have not seen the ugly side. And no regulator or government would want any systemic episode or mishap that can shake their confidence.To be sure, the equity cult seems to be growing by leaps…