New Delhi, Oct. 5 -- The Nifty extended its decline for the fourth consecutive session on Thursday, ending every trading session of the last week in the red. The index fell 3.11% over the week, marking its sharpest weekly decline in 29 weeks. It also closed lower for the eighth consecutive week, its longest losing streak in 25 years.

Thursday's decline brought the Nifty close to its April 2 low of 22,182.55. The index also slipped below the rising trendline drawn from the major swing lows of June 2024 and April 2025, weakening the broader technical structure.

More importantly, the Nifty closed below its 200-week MA, currently placed at 22,606.97. This is the first weekly breach of this long-term average since March 2020. The 22,600 zone...