Santosh Meena, Head of Research at Swastika Investmart, stated that the Indian equity markets experienced a sharp decline on Monday, with both Nifty and Bank Nifty falling below their 200-day moving averages (DMA). The downturn was driven by increased Foreign Portfolio Investor (FPI) selling and concerns regarding the upcoming Q3 earnings season.
New virus and Q3 worries rattle markets, investor wealth worth Rs 10.98 lakh crore lost - The Telegraph
