Nifty50 has delivered zero returns over the past two years and is now at a critical juncture amid rising geopolitical tensions, a weakening rupee, and surging crude prices. While domestic investors continue to buy, foreign investors have pulled out a record $13 billion in March, signaling a shift to safer assets. Adding to concerns, Goldman Sachs has downgraded Indian equities to “marketweight” and cut its Nifty target.