Indian stock markets have faced a downturn over the past two months, impacted by weak Q2 earnings and persistent selling by foreign institutional investors (FIIs). Although there was a temporary boost in sentiment due to reduced FII selling and consistent buying by domestic institutional investors (DIIs), FII selling surged again, highlighting the need for sustained positive momentum to improve market conditions.
The Nifty has declined 7% from its record high of 26,277 in late September, influenced by disappointing Q2 earnings, ongoing FII selling, and geopolitical tensions in the Middle East. Analysts suggest that a further 3-4% drop could lead to a healthy 10% correction, potentially setting the stage for a market recovery.
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