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Nifty 50 faces longest losing streak

Nifty Loss

Nifty Loss

Indian stocks have experienced a significant downturn, with the Nifty 50 index posting its longest losing streak in 29 years. The market decline has wiped out $1 trillion in wealth, and experts suggest that further losses may be on the horizon. Biju Samuel, an analyst at Elara Capital, predicts that the Nifty could drop by another 2,500 points in the near future.

He expressed concerns over the current market conditions, indicating that investors should brace for additional declines.

The Nifty 50 index, which represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE), has been the worst-performing global market over the past five months. Financial stocks have shown some resilience, while IT stocks have been particularly hard hit.

Foreign and domestic institutional investor flows into Indian markets have been subdued in recent months, reflecting the overall cautious sentiment among investors.

Nifty losing streak extends further

Derivative market positioning also suggests further risks ahead for Indian equities.

The ongoing global trade conflict has played a significant role in the market downturn, heightening concerns among investors worldwide. The uncertainty surrounding trade policies is expected to continue influencing market performance in the near term. Despite the gloomy outlook for the Indian market, Samuel offered a more optimistic view of the US market.

He anticipates that the bull market in the US will remain intact and predicts a turnaround from the previous week’s fall on Wall Street. As the Nifty continues its longest losing run on record, investors and analysts are closely monitoring the situation. The coming weeks and months will be crucial in determining the extent of the market’s decline and the potential for recovery.

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