New Delhi, Aug. 26 -- The stock market benchmark Nifty 50 has been in a downtrend for two years now, largely due to weak earnings, heightened geopolitical and geoeconomic risks, foreign capital outflows, and currency weakness.

Over the last two years, the index has lost 2%, while over the last year, it has declined 2.5%.

So far this year, the index has declined by over 7% after hitting a record high of 26,373 on 5 January. The last time the Indian stock market barometer crossed the 25,000 mark was on 27 February. Since then, it has been between 22,000 and 24,000.

The Nifty has been stuck below 25,000 for the last six months. While the US-Iran conflict, elevated oil prices, a mismatch between earnings growth and market valuations, and t...