Nifty Logs Seventh Straight Weekly Loss for First Time in Six Years
· Business · Economic Times
Indian equities extended their losing streak to seven weeks, marking the longest weekly decline in six years as the Nifty 50 fell roughly 0.88% over the period. Elevated crude prices, rising US Treasury yields, geopolitical uncertainty, and accelerating foreign institutional investor outflows kept risk appetite subdued. Foreign investors pulled out roughly Rs 18,531 crore through September 25, while domestic institutional investors absorbed the selling with purchases of around Rs 52,617 crore. A late rebound emerged as oil prices eased and value buying entered the market, alongside stronger-than-expected flash purchasing managers' index estimates for September pointing to resilient manufacturing and services activity. Analysts noted that crude prices, global bond yields, geopolitical developments, US economic data, and Federal Reserve commentary will continue to drive market direction.
Why it matters
The persistent foreign capital outflow and global macroeconomic headwinds weigh directly on corporate margins, domestic inflation, and investor sentiment across Indian equity markets.
Read the original report — Economic Times
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