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Three charts show trouble for Indian stocks nearing a bear market

The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars

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Ashutosh Joshi & Abhishek Vishnoi | Bloomberg
As surging inflation and the end of global easy-money policies send Indian stocks spiraling down from all-time highs, three charts show the pain is unlikely to end anytime soon.

The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market. The selloff comes as climbing costs and a record plunge in the rupee have forced the nation’s central bank to join global peers in raising interest rates.

The Indian stock market’s value is already down nearly 20% from its January peak of about $3.7 trillion dollars. The unsupportive

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First Published: Jun 24 2022 | 8:34 AM IST

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