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Indian stocks face worst run in 29 years

Worst Run

Worst Run

Indian stocks are facing their worst run in 29 years, with the market losing $1 trillion in wealth. Investors are worried about more drops in the future. India’s Nifty 50 index has been the worst performing market in the world over the last five months.

Since the end of September, India’s key indices, Nifty and Sensex, have done much worse than other global markets. The Nifty is set for its longest monthly losing streak since 1996. This downturn has made investors cautious, with most wanting to sell when the market rises.

Financial stocks have stayed strong during the market turmoil, but technology stocks have been hit hard this February. The differences between sectors show varying investor confidence and possible future risks. Analysts point out that the positioning in India’s derivatives market suggests more risks ahead.

Actions in the market show participants are being careful, possibly preparing for more drops as the new March series begins. Both foreign and domestic institutional investors have had mixed reactions since September, affecting market dynamics. The trends in these investments are important signs of market confidence and expectations for future performance.

The Nasdaq Composite Index is close to correction territory, mainly due to ongoing trade tensions.

Indian market’s longest losing streak

On Tuesday, poor performance from key stocks added to the market pressure.

Car giants Ford and General Motors saw big drops. Retail giant Target also fell a lot after a grim forecast for the fiscal year. But not all stocks went down.

Walgreens had a big rise in its stock price after reports of a possible take-private deal. By the end of trading, the major indexes were notably down: the Dow Jones Industrial Average fell 1.55%, the S&P 500 dropped 1.22%, and the Nasdaq Composite dipped 0.35%. This happened as U.S. trade dynamics changed.

The U.S. trade deficit in goods with China went down during former President Trump’s term, while trade deficits with Canada and Mexico have gone up during President Biden’s time, starting in 2020. Biju Samuel of Elara has predicted that the Nifty index could drop another 2,500 points. This would be a big downturn in the Indian stock market.

However, Samuel is still positive about the U.S. stock market. He expects the current bull market there to continue. Based on his analysis, there could be a recovery from last week’s drops on Wall Street.

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