Global equity markets displayed mixed performance over the weekend amid ongoing concerns regarding sluggish economic growth and geopolitical tensions. The Nifty IT index in India fell by 4.2% on the National Stock Exchange (NSE) as investor sentiment weakened. The broader Indian equity market has seen a decline of over 5% recently, with the Nifty losing 3% to close at 22,120. The NSE Nifty experienced a drop of 1,383.7 points or 5.88% in February, while the BSE Sensex lost 4,302.47 points or 5.55% during the same period. The Sensex has decreased by 12,780.15 points or 14.86% from its record peak of 85,978.25 reached on September 27, 2024. Foreign Portfolio Investors (FPIs) have pulled out approximately $25 billion from Indian equities over the past five months, contributing to the Nifty's longest losing streak in 29 years. As of February 27, FPIs offloaded another $64 million worth of Indian shares, bringing total outflows for the year to nearly $13 billion. In contrast, U.S. markets showed some resilience, with the S&P 500 rising by 1.6% on Friday, while the Dow Jones and Nasdaq also recorded gains.