6 hrs ago
Nifty Heads Toward Eighth Straight Weekly Loss Before Sensex Expiry
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.
The Nifty 50 is set for its eighth consecutive weekly decline after falling on all three days of the truncated week.
The index is attempting to hold the week's low of 22,569, while resistance is seen around 22,750–22,800.
The session is also the weekly expiry of Sensex contracts and the first trading day of a new month and quarter.
Investors will watch company business updates and September auto-sales figures, with expectations of another strong quarter for automakers.
Brent crude's December contracts remained below $100 a barrel, while sharply higher bond yields on Wall Street could affect domestic yields and the currency.
- Who
- The Nifty 50, Sensex-contract traders, companies reporting business updates, auto companies and investors.
- What
- The Nifty 50 is approaching an eighth consecutive weekly loss ahead of Sensex contract expiry.
- Where
- In the stock market, with possible effects from Wall Street bond yields on domestic yields and the currency.
- When
- On the final trading session of a truncated week, which is also the first day of a new month and quarter.
- Why
- The Nifty has declined throughout the week, while traders assess support levels, company updates, auto sales, oil prices and global bond-market moves.
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.





