Foreign Selloff in Financials Hammers India’s Nifty 50 to Worst Fortnight Since COVID-19 Crash
India’s benchmark equity index, the Nifty 50, has suffered its steepest two-week decline since the COVID-19 market crash of 2020, driven largely by aggressive foreign selloffs in financial stocks. The rout has rattled investor confidence, raising concerns about the resilience of India’s capital markets amid global uncertainty. Context of the Market Decline The Nifty 50,…