Indian Stocks Are Among Asia’s Biggest Losers as Selloff Deepens
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Stocks in India fell to their lowest level since June, as corporate earnings so far this season have offered little hope to investors betting on an economic recovery.
The NSE Nifty 50 Index declined 1.4% to 23,024.65 on Tuesday, marking a fall of over 12% from its September peak. The nation’s equity benchmark was among the region’s worst performers after Donald Trump’s inauguration, with Indian companies like Reliance Industries Ltd. and ICICI Bank Ltd. featuring among the top drags on the MSCI Asia Pacific Index.