Nifty tanks over 14% from record peak on FIIs exodus & global trade tensions

Equity benchmark indices are facing massive corrections, with the NSE Nifty declining over 14 per cent from its lifetime high hit in September last year due to several negative triggers like stretched valuations, foreign fund exodus, disappointing quarterly earnings and rising global trade tensions dragging markets lower.

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The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 last year, and the Nifty also reached a lifetime high of 26,277.35 on the same day.

The Nifty tumbled 3,729.8 points or 14.19 per cent from its all-time high level. The BSE bellwether index Sensex is down 11,376.13 points or 13.23 per cent from its record peak.

Equity markets came under bear attack from last October onwards after smashing many record high levels.

"A correction of this magnitude is usually triggered by a combination of factors. Investor sentiment was tempered when a number of large corporations reported lower-than-expected Q3 results. Furthermore, the Indian stock market faced a difficult environment due to Trump's tariff threats and worries about India's slowing economic growth, which caused international investors to keep selling.