New Delhi, March 5 -- Indian markets have been rewriting history, but for the worse, as the Nifty 50 ended the last 10 trading sessions in the red, marking the longest daily losing streak since 1996 and losing 4% of its value during this period. The last time the Nifty 50 declined for 10 straight sessions was from December 28, 1995, to January 10, 1996.

The index also ended the last five months in the red-an extremely rare occurrence-marking its first five-month losing streak since November 1996 and raising concerns about a potential bear market.

A majority of the market's decline was driven by overseas investors, who have withdrawn Rs.3.32 lakh crore since October. Previously, a prolonged sell-off by overseas investors occurred between...