New Delhi, Feb. 15 -- Last September, when the Indian stock market was soaring, many experts predicted that the Nifty 50 could reach the 28,000 mark within a few months. However, they have been met with a rude shock.

The Nifty 50 is now down about 13 per cent from its record high of 26,277, reached on September 27. The index has been down since October on a monthly scale. On Friday, February 14, the index ended with a loss of 0.44 per cent at 22,929.25, extending its losing streak to the eighth consecutive session.

While some recovery is expected as the market has entered oversold territory, a new bull phase is unlikely to begin anytime soon. In fact, the road ahead looks challenging.

Experts expect the Indian stock market to remain un...