Economic TimesLean R·
D-Street stocks are breaking long-held supports as selloff deepens
Indian equity markets are experiencing a notable decline, evidenced by the NSE Nifty 50 Index's continuous fall over seven weeks. The collective market capitalization has taken a hit of approximately $250 billion, alarming investors. Factors such as rising global bond yields, increasing oil prices, and a weakening rupee are creating a turbulent environment, prompting a significant withdrawal by foreign investors from Indian stocks.
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