India’s markets are in a perfect storm. ⛈️ Nifty is down 8.2% in 6 weeks, and three risks are converging: 🌧️ 13% monsoon deficit, with a very strong El Niño ahead 📈 RBI’s first rate hike since 2023 (repo at 5.50%) 🌍 US yields at their highest since 2007 Demand is holding up for now, but we don’t expect a V-shaped recovery. #IndiaStrategy #NIFTY #IndiaStrategy #NIFTY