Stock Market Bulls in India Have Quickly Gone Missing
- India loses Asia’s best stock-market crown to New Zealand
- S&P BSE Sensex heads for worst month since February 2016
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For India equity bulls, a good year for the nation’s stocks has quickly soured.
Blame it on the concerns about a troubled lender that led to a sudden cratering in non-banking finance companies -- a favorite among money managers until recently -- and stripped the nation of its tag as Asia’s best stock market this year.