Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform

FPIs offloaded nearly Rs 2 trillion ($265 billion) in Indian equities during Samvat 2078, data show.

Indian equity markets are set to post their worst performance in a Samvat in the past years (since Samvat 2071) with the frontline indices – the Nifty 50 and S&P BSE Sensex – declining around 2 per cent each. Earlier in Samvat 2071, the S&P BSE Sensex and Nifty 50 had dropped 4 per cent and 3 per cent, respectively.

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The fall in the broader markets – mainly the S&P BSE Midcap index – in Samvat 2078 has been sharper, with the index slipping around 3 per