US Growth Concerns Spook Investors as Indian Equities Hit 8-Month Lows
India's benchmark indexes fell to their lowest in eight months on Monday, weighed by sharp losses in heavyweight financials and information technology stocks, as concerns over slowing growth in the United States spooked investors. The Nifty 50 and BSE Sensex were down 1% each at 22,568.50 and 74,601.88 points, respectively, as of 09:46 a.m. IST. These benchmarks have been under pressure for most of February, falling in 15 out of 17 trading sessions.
- The sharp decline in Indian equities underscores the growing concern among investors about the impact of slowing US growth on emerging markets and export-driven sectors like information technology.
- Will the recent sell-off from foreign portfolio investors be reversed once the global economic sentiment improves, or will it continue to weigh on India's stock market?