Eight-week slide in Indian equities puts focus on RBI
mumbai, Oct. 2 -- Cheaper oil failed to bring much comfort for Indian equities as the markets slid for the eighth consecutive week. Nifty 50 recorded its longest weekly losing streak since 2001 in a holiday-truncated week, with markets closed on Friday for Gandhi Jayanti. On Thursday, it fell 0.88% to 22,421.95, while the Sensex declined 0.79% to 71,909.69.
Their weekly losses stood at 3.11% and 2.69%, respectively, with the Nifty posting its sharpest weekly decline since the week ended 13 March 2026. The retreat has sharpened a question: is a recovery in sight?
Prasenjit Paul, fund manager at 129 Wealth and head of research at Paul Asset, said elevated oil prices, rupee weakness and higher US bond yields were driving foreign outflows. Fore...
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