D-Street stocks are breaking long-held supports as selloff deepens

Nifty 50 is breaking long-held supports as selloff deepens

Nifty 50 has fallen for seven straight weeks, wiping out nearly $250 billion in market cap, and broken through its 200-day moving average on a weekly basis for the first time in six years.

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.

Indian stocks are breaking long-held supports as selloff deepens

The index is down 2.3% this week and is on track for an eighth straight weekly decline, which would mark its longest losing streak since the end of the ‘dot com’ bubble era

India Stock Bulls Pin Hopes on Corporate Earnings as Market Selloff Deepens

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