Indian Markets See Longest Weekly Slump in 25 Years
Indian equity markets faced significant pressure as US bond yields surged, triggering a record selloff. The Sensex and Nifty experienced their longest weekly declines in 25 years, surpassing downturns during the Covid pandemic. Foreign investors continued withdrawing funds amid rising crude oil prices, weakening the rupee. Analysts note selective stock opportunities despite challenging macroeconomic conditions.
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