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Indian investors better brace for an extended stock market downturn

Photo by: Quartz

India’s stock markets are in the throes of a bear hug. The National Stock Exchange’s (NSE) Nifty 50 index has shed nearly 11% of its value since July 5, when finance minister Nirmala Sitharaman announced a slew of proposals, particularly tax surcharges that put off foreign portfolio investors (FPIs), in her maiden union budget . Besides, the budget lacked any major stimulus package to lift...

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