Indian benchmark indices Sensex and Nifty have seen a significant decline of over 4% this month, driven by foreign fund outflows, a weakening rupee, and geopolitical risks. Market participants are hoping for a pre-budget recovery, a trend observed historically. Elevated crude oil prices and rising global bond yields are further contributing to investor caution.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,