Nifty Underperforms Global Peers with 2,800-Point Quarterly Slide as West Asia War Triggers Record FII Exodus

In the last three months, the Nifty 50 has shifted from record highs to a deep correction, losing over 13% from its peak. Following the outbreak of war on February 28, the index has faced five straight weeks of declines, driven by a record ₹1.14 lakh crore FII outflow in March. While DIIs have provided a buffer, the index remains under heavy pressure due to a 59% surge in Brent.