The Economic Times

Sensex, Nifty crash wipes off Rs 30 lakh crore from Dalal Street in less than 6 weeks. What can trigger a rebound?

The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. Contributing factors include surging oil prices and elevated bond yields. Experts predict that any potential rebound hinges on the health of the broader economy. Additionally, Foreign Institutional Investors have been notably offloading their equities, while technical indicators display a cautious outlook as Nifty struggles against ongoing bearish trends.