(Bloomberg) -- Reliance Industries Ltd. fell for a fifth day, pushing India’s largest company by market valuation into oversold territory for the first time since March. Some investors may see that as a potential for a rebound, as has been the case when shares hit that technical level previously. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up
Indian primary stock indices witnessed a significant downturn on Wednesday, following the global trend of weakening markets. The Nifty 50 index dropped below the 20,000 mark, primarily driven by sharp declines in heavyweight stocks such as Reliance Industries and HDFC Bank.
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeWalt Disney Co. has held prelim