The Indian stock market is facing a downturn, with the Nifty index down 12% from its 52-week high, attributed to a strengthening U.S. dollar and ongoing earnings weakness. Market capitalization has fallen to its lowest level in eight months, with a decrease of over $890 billion since its peak in September 2024. The equities sell-off has led to a loss of nearly ₹60 trillion in investor wealth over the past three and a half months, primarily driven by aggressive selling from foreign portfolio investors. Approximately 60% of Nifty Mid- and Small-Cap stocks are trading below their long-term moving averages. Key stocks to watch include Hindustan Unilever, Sun Pharma, and Biocon, among others, as investors look for potential buying opportunities amid the market correction.