Market move▼ Bearish for Indian equities
After Nifty’s longest losing streak in 25 years, what should investors do now?
The brief
- The Nifty has recorded its longest weekly losing streak in 25 years
- The index is below its 200-week moving average, with 22,600 as a key level
- Weakness and caution may weigh on Indian equities, particularly stocks sensitive to market sentiment
- India’s stock market faces divergent returns, not a broad-based crisis: Motilal Oswal’s Sandipan Roy
- Nifty 50 correction: why fund managers see more value in large caps now
- Jio Platforms IPO likely by October end at $143-146 billion enterprise valuation
- Market Hero or Hiroo? The regime change in markets that investors are missing
- Fortune India: Boardroom | Indian equities at a crossroads: What comes next?
Nifty selloff and foreign investor outflows
The Nifty fell for eight straight weeks, including a 6.7% decline in the September derivatives series, and broke below its 200-day moving average on a weekly basis. Reports cited foreign investor selling, high US bond yields and rising crude prices; Nifty 500 stocks were down as much as 70% from 52-week highs.
Sunday, 4 October
- After Nifty’s longest losing streak in 25 years, what should investors do now?