Indian equity markets extend eight-week losing streak amid broad selloff

India's benchmark equity indices extended their downward trajectory for an eighth consecutive week, marking the most persistent correction witnessed in over two decades. The Nifty's extended losing streak underscores the depth and duration of the current market weakness, which has defied typical correction timelines.

Market analysts attribute the sustained selloff to a confluence of factors pressuring investor sentiment. Global interest rate expectations, coupled with concerns over domestic inflation and monetary policy tightening, have weighed on equity valuations. Currency volatility and capital outflow concerns have added to the selling pressure, as foreign investors reassess their exposure to emerging markets including India.

The correction has also been influenced by geopolitical tensions affecting commodity prices and supply chain dynamics. Oil price volatility and concerns over global economic growth have contributed to the risk-off sentiment permeating financial markets. Domestic factors, including corporate earnings revisions and sector-specific headwinds, have further compounded the weakness in equities.

Market participants remain cautious as indicators suggest the correction may persist if macroeconomic conditions do not stabilize. Investors are closely monitoring inflation data, central bank signals, and global market developments for signs of a potential reversal in sentiment.