February was a punishing month for Indian equities, with the Sensex plunging more than 4,000 points, reflecting a 5% loss in percentage terms. The total market capitalization of BSE-listed companies shrank by over Rs 40 lakh crore in just one month. The Nifty also endured its longest losing streak since its inception in 1996, marking its fifth consecutive month of declines.
Since reaching their peak in late September, both the Nifty and Sensex have dropped around 15%, with broader market indices experiencing even sharper corrections.
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