India's Nifty Posts Longest Monthly Losing Run Since 1996
India's benchmark indexes logged their worst day in around five months on Friday, with Nifty 50 posting its longest monthly losing streak since 1996 due to pessimism over domestic market conditions. The benchmark Nifty 50 closed 1.9% lower at 22,124.70 and the BSE Sensex fell 73,198.10, respectively, as investors waited for earnings and economic growth to pick up. Analysts expect a prolonged period of market volatility.
- The ongoing decline in Indian stock markets highlights the increasing interconnectedness of global financial systems, where economic trends in one region can rapidly impact others.
- Will India's central bank be able to mitigate the adverse effects of the current market downturn through its monetary policy decisions?