The Indian stock market has witnessed a sharp selloff over the past six weeks, with soaring oil prices, rising bond yields and the RBI’s hawkish stance dragging the benchmark Sensex and Nifty to fresh 52-week lows this month. Analysts expect a sustained rebound to hinge on a combination of factors, although technical indicators warrant caution.
The Nifty 50 plunged to 22,179 on Thursday, its lowest level since April 2025. While both benchmarks recovered some lost ground on Friday, rallying over 1% each, the six-week selloff has wiped out nearly Rs 30 lakh crore from the total market capitalisation of BSE-listed companies since early September.
