Indian equities are currently undergoing a significant correction, with major indices such as the Nifty 50, BSE Sensex, and Nifty 100 down around 8-10% from their peak levels reached in September. This decline follows a brief surge after the recent US presidential elections, as concerns over slowing domestic economic growth and persistent inflation have led to increased selling pressure.
Corporate earnings have also been weak, with many listed companies experiencing flat growth in the first quarter of FY25, which can be attributed to factors such as elections and extreme weather conditions. Furthermore, the second quarter is already indicating a trend of earnings misses, which is causing concern among investors in this challenging market environment.
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