Market Update

The Indian equity barometer, Nifty 50, has delivered negative returns since the last Independence Day, largely due to US tariff-related concerns, heightened geopolitical risks, weak earnings, and heavy foreign capital outflows. The benchmark index Nifty 50 is down 2% over the last year. However, the broader Nifty 500 index has outperformed, clocking a 3% gain in the same period. In fact, Capitalmarket data show that 15 stocks in the Nifty 500 index have at least doubled investors' money since the last Independence Day.