Indian equity markets displayed remarkable insulation from the broader Asian turmoil on Tuesday, with the benchmark Nifty 50 closing almost flat.
The resilience came as regional peers suffered heavy losses, led by a dramatic plunge in South Korea and a sharp decline in Japan.
The KOSPI index in South Korea fell 11 per cent, triggering circuit breakers amid a severe sell-off in the semiconductor sector.
Japan’s Nikkei also came under pressure, dropping nearly 4 per cent.
Despite the contagion risk from these major Asian markets, Indian investors largely shrugged off the turbulence, preventing a broader market decline.
The stability of the Nifty 50 was largely driven by strong performance in the domestic information technology sector.