Nifty Plunges Into Negative Territory For FY27, Down 15% Year-To-Date
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 fell below the 22,300 mark on Thursday, marking a 14.33% drop year-to-date for fiscal 2027.
- ✓The index opened at 22,899 on April 1 but fell to 22,217.3.
- ✓Sudeep Shah said, "an eight-week losing streak for the Nifty is an uncommon occurrence." Selling pressure continues to hurt Dalal Street.
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- India Economy
The benchmark Nifty 50 plunged deeper into negative territory for fiscal 2027 on Thursday, with the index falling below the 22,300 mark as sustained selling pressure continued to weigh on Dalal Street. The Nifty opened fiscal 2027 at 22,899 on April 1 and has since declined to 22,217.3, translating into a fall of 14.33% year-to-date. The index is down 2.87% over the past week, 6.88% in the last month and 9.81% over the past year.
The Nifty was down more than 300 points during Thursday's session, while the Sensex fell over 900 points to around 72,300.
The ongoing selloff has also put the Nifty on track for its eighth consecutive weekly decline, a rare streak that has occurred only a handful of times in the benchmark's history.
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