INDIA MARKET LENS
2 outlets▼ Negative

Two years on, Indian equities remain stuck in a grind

BSE moved lower.

28 Sept 2026 · Economic Times Markets, ET Stocks

Since September 2024, Indian equities have experienced a challenging market phase with mixed returns. The Nifty and Sensex have seen significant declines, while small and mid-cap stocks have performed relatively well. Despite the difficulties, some valuation froth has been removed from the market, presenting potential buying opportunities.

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Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.

  • With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • This is a market-wide development — its reach goes beyond any single stock.
  • The immediate tone of coverage reads negative.