Nifty posts sixth straight weekly loss: Why is Indian stock market under pressure? Explained
New Delhi, Sept. 18 -- The benchmark Nifty 50 ended the holiday-shortened week in losses as volatility continued to grip Dalal Street, keeping overall sentiment fragile. Although the index recovered in the latter part of the week, the rebound was not sufficient to turn the index positive, extending its losing streak to six weeks.
The last six-week losing streak was recorded during the second half of last year. During the week, the index fluctuated by more than 500 points but closed with a modest decline of 0.22%, remaining below the key 23,500 level.
Compared with last week's sharp 2% crash, the decline was relatively modest. However, the weakness was not limited to India, with major Asian markets such as the Kospi, Nikkei 225, and Hang...
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