BENGALURU -- The flight of foreign capital and lackluster corporate earnings are dragging on Indian share prices, with analysts predicting a rocky road ahead for expensive stocks that benefited from a post-COVID boom in equity investment.
Since peaking at an all-time high on Sept. 26, India's benchmark Sensex index had slumped 8.2% through Monday, underperforming other major Asian markets. The key indices for Hong Kong and Shanghai jumped 3.2% and 10.3%, respectively, over the same period, while Japan's Nikkei 225 dropped 2.4%.
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