As the pace of sell-offs continued to accelerate, the Indian stock market successively fell below long-standing technical support levels. The benchmark index, the National Stock Exchange Nifty 50 Index of India has been falling for seven consecutive weeks. The stock market capitalization has evaporated nearly 250 billion US dollars and fallen below the 200-day moving average. The weakening rupee exchange rate further increased market pressure, and dollar-denominated investment returns were eroded, prompting continued sales of global funds. Since this year, foreign investors have withdrawn nearly 26 billion US dollars from the Indian stock market.

As the pace of sell-offs continued to accelerate, the Indian stock market successively fell below long-standing technical support levels. The benchmark index, the National Stock Exchange Nifty 50 Index of India has been falling for seven consecutive weeks. The stock market capitalization has evaporated nearly 250 billion US dollars and fallen below the 200-day moving average. The weakening rupee exchange rate further intensified market pressure, and dollar-denominated investment returns were eroded, prompting continued sales of global funds. Since this year, foreign investors have withdrawn nearly 26 billion US dollars from the Indian stock market.