India’s US$556 bil equity rout seen worsening as growth cools

Investors are expecting Indian stocks to post another quarter of losses as a slowdown in economic growth and sticky inflation hurt corporate earnings and foreign flows.

The benchmark NSE Nifty 50 Index will likely drop at least 5% in the three months through March, according to a majority of 22 strategists and fund managers in an informal survey conducted by Bloomberg early this month. Concerns over geopolitical tensions during Donald Trump’s second presidency add to headwinds for local stocks.