7 hrs ago
Nifty’s Eight-Week Slide Becomes Longest in 25 Years
India’s main stock-market index, the Nifty, has fallen for eight weeks in a row.
This is its longest losing streak in 25 years.
Several large companies, including Tata Motors Passenger Vehicles, Maruti Suzuki India and Jio Financial Services, lost value.
Some companies, such as Kotak Mahindra Bank and Infosys, gained during the latest week.
The Sensex, another major market index, also fell.
Analysts said foreign investors were selling Indian shares.
They also pointed to high bond yields, expensive oil and tensions in West Asia.
The markets were scheduled to close on Friday for Mahatma Gandhi Jayanti.
The Nifty extended its decline to eight consecutive weeks, its longest losing streak in 25 years.
Tata Motors Passenger Vehicles, Maruti Suzuki India, M&M, Jio Financial Services and TCS were the biggest eight-week drags.
Kotak Mahindra Bank, Dr Reddy’s Laboratories, Adani Ports and Coal India gained over the eight-week period.
The Nifty fell 198.50 points, or 0.88%, to 22,421.95, while the Sensex dropped 570.59 points on Thursday.
Analysts cited foreign investor selling, high global bond yields, West Asia tensions, elevated crude prices and rupee pressure.
- Who
- India’s Nifty and Sensex benchmarks, their constituent companies, foreign investors and market analysts.
- What
- The Nifty extended its decline to eight consecutive weeks, while the Sensex and Nifty also fell during the latest trading week.
- Where
- Indian equity markets.
- When
- The latest decline was reported after Thursday’s expiry-day session; markets were scheduled to remain closed on Friday for Mahatma Gandhi Jayanti.
- Why
- Analysts attributed the pressure to foreign investor selling, elevated global bond yields, West Asia tensions, concerns about energy-supply disruptions, high crude prices and pressure on the rupee.
Key facts
- Nifty losing streak
- Eight consecutive weeks, described as the longest in 25 years.
- Nifty close
- 22,421.95 on Thursday, down 198.50 points or 0.88%.
- Sensex weekly performance
- Down 2.69% during the week.
- Worst eight-week performer
- Tata Motors Passenger Vehicles Ltd, down 19.48%.
- Top eight-week gainer
- Kotak Mahindra Bank, up 7.06%.
- Top weekly gainers
- Kotak Mahindra Bank and Infosys, up 3.55% and 3.48%, respectively.
- Market closure
- The indices were scheduled to remain closed Friday for Mahatma Gandhi Jayanti.
Quotes
Ajit Mishra
Senior vice president of research at Religare Broking
“Indian equity markets remain under pressure, with the benchmarks heading towards their eighth consecutive weekly decline, amid persistent foreign investor selling, elevated global bond yields and ongoing West Asia tensions. Concerns over potential disruptions to energy supplies through the Strait of Hormuz have kept crude oil prices elevated, adding to inflation and margin pressures.”
businesstoday.in
“Markets came under renewed and sharp selling pressure, extending the corrective trend. After a weak opening, the benchmark indices remained range-bound during the initial hours before a sharp bout of selling emerged in the afternoon. Nifty slipped below its critical support zone of 22,400–22,600, while Sensex breached its April 2026 low during the session.”
businesstoday.in
Sources
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