Indian stock markets are experiencing their longest slump in recent years, with FIIs selling at unprecedented levels and small- and mid-cap stocks taking significant hits. In this episode, we break down the factors driving this downturn, examine global market influences, and analyze whether this is a temporary correction or the beginning of a prolonged decline. Host Anirban Chowdhury speaks with ET’s markets editor Nishanth Vasudevan about why India’s stock market—once considered the darling of global investors—is now under immense pressure, facing record sell-offs, declining corporate earnings, and increasing competition from China and the U.S. What triggered this dramatic shift? Is a rebound on the horizon?