Mumbai, March 1 -- India's benchmark indexes Nifty and Sensex dropped 1.2% points on Friday, with Nifty 50 posting its longest monthly losing streak since 1996, as domestic market conditions and rising international tensions bore heavy on market sentiment.
The markets now slumped for five straight months, the worst such run in 28 years.
The Nifty 50 and the BSE Sensex closed 22,124.70 and 73,198.10, respectively.
The broader and more domestically focussed mid-cap index confirmed a bear market, falling more than 20% from its September 24 record close, pressured by poor earnings, lofty valuations, looming U.S. tariff concerns and persistent foreign outflows.
Foreign portfolio investors dumped shares worth a provisional Rs.11,639 crore and...