Nifty, Sensex See Worst Start to Year in a Decade Amidst Massive Sell-Off

• India's equity markets, Nifty and Sensex, are experiencing their worst start to the year in a decade.
• The Nifty 50 index has declined 2.5% in the first eight sessions, marking the third consecutive negative start to the calendar year.
• BSE-listed companies lost nearly ₹20 lakh crore in market capitalization from January 2 peak, with ₹15 lakh crore year-to-date loss.
• 30 out of 50 Nifty stocks show negative returns; ITC is the top loser with a 15% drop.
• Reliance Industries, Trent, and HDFC Bank also saw significant declines, with HDFC Bank losing over ₹1 lakh crore in market cap.

Why It Matters: Indian equity markets face a significant downturn, marking the worst start to the year in a decade.