6 hrs ago

Nifty Heads Toward Eighth Straight Weekly Loss Before Sensex Expiry

Nifty Heads Toward Eighth Straight Weekly Loss Before Sensex Expiry
Sensex Today | Stock Market Live Updates: Nifty set for eighth straight weekly loss ahead of Sensex expiry · CNBC TV 18

The Nifty 50 stock index has fallen for seven weeks in a row.

It may record an eighth weekly loss if it does not recover.

The index dropped on each trading day of this shortened week.

Traders are watching whether it can stay above 22,569.

They are also watching the 22,750–22,800 area, where selling may appear.

Sensex contracts expire during this session.

The new month and quarter will bring company updates and September auto-sales data.

Investors will also watch oil prices, bond yields and the currency for possible effects on the market.

Key facts

Nifty weekly performance
Set for an eighth straight weekly loss.
Weekly decline
The Nifty fell on all three trading days of the week.
Nifty weekly low
22,569.
Upside supply zone
22,750–22,800.
Sensex contracts
Weekly expiry takes place during the session.
Upcoming data
Company business updates and September auto-sales figures.
Brent crude
December contracts were below $100 a barrel.
Stocks to watch
IRFC, NCC, HUDCO, Blue Dart, IGL and Tech Mahindra.

Sources

Related news