India's benchmark indexes logged their worst day in around five months on Friday, with Nifty 50 posting its longest monthly losing streak since 1996 on pessimism over domestic market conditions.

Extending losses to the eighth straight day, Nifty dropped 420.35 points or 1.86 per cent to 22,124.70. Sensex and Nifty 50 are down six per cent for the month.

Foreign investors have sold $25 billion worth of Indian equities since the end of September, with $4.1 billion exiting in February alone. While domestic institutional investors have provided some support,