New Delhi, Feb. 27 -- Indian stock market has been under immense selling pressure since October last year. This has dragged the benchmark Nifty 50 down by over 14 per cent from its record high of 26,277.35 which it hit on September 27.

The broader index, the Nifty 500, has fallen further, down 17 per cent from its all-time high.

Heavy foreign capital outflows, weak corporate earnings, and slowing domestic economic growth are the main factors behind the recent decline.

The Nifty 50 is now on track to close in the red for the fifth consecutive month-its longest losing streak since 1995.

Experts are divided on whether the market is oversold.

Ajit Mishra, SVP of Research at Religare Broking, believes the market is oversold. However, it i...