Indian equity markets continued their downward trend, with the Nifty and Sensex both experiencing their sixth consecutive decline, falling over 2% this week. Concerns over foreign institutional investor outflows, a weak earnings season, and external pressures from a stronger US dollar and rising bond yields have intensified risk aversion among investors. Analysts indicate that the Nifty faces immediate resistance at 23,800, with potential further declines towards 23,200.
