Despite steep losses, Indian equity indices Nifty and Sensex outperformed most Asian markets, highlighting relative resilience during the global market sell-off.
Indian equity markets plunged on Monday, with Nifty dropping 5.07% and Sensex tumbling 3,939.68 points. India emerged as the second-best performing market in Asia for the day.
Asia-Pacific markets experienced their steepest fall since the 2008 financial crisis, with the MSCI Asia Pacific Index plummeting by as much as 7.9%. India showed relative resilience compared to other Asian counterparts.
Despite the global market sell-off, Indian indices, Nifty and Sensex, experienced relatively moderate declines, highlighting their resilience and placing India among the top-performing markets.