The monthly Nifty 50 index from India recorded its fifth consecutive monthly loss in February. The last time the Nifty 50 index closed below the 14000 points mark was in August 2020. In February 2021, the index closed at 14529.15, which constitutes a minus 3.5% compared to January. 'There were concerns that additional banking and oil stocks could negatively impact Nifty 50 and trigger a sell-off in the equity market,' said an analyst. The key stocks from the largest companies in the index portfolio, such as Reliance Industries, HDFC Bank, and Infosys, also experienced price declines. According to experts, the reason for such a decline could be a defined level of instability in the global equity market due to increased yields on government bonds. Certain investors decided to reduce risks ahead of the possible tightening of monetary policy by central banks.
