Indian stock markets face longest decline since 1996

The Indian stock markets are facing challenges, with the Sensex and Nifty experiencing their longest losing streak since 1996, marked by five consecutive monthly declines. This is due to global economic uncertainties and weak earnings. A brief recovery occurred in early March, with both indices rising nearly 2%. However, this momentum faded, and by mid-March, the Sensex fell 0.67% while the Nifty gained 0.69%. On March 17, the Nifty closed up 0.53% and the Sensex rose 0.48%, indicating some cautious optimism in the market.