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Market move▼ Bearish for Indian equities
Indian stocks fall 2.3% this week, face potential eighth straight weekly decline
The brief
- The index is down 2.3% this week
- An eighth straight weekly decline would be the longest losing streak since the end of the ‘dot…’
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- Nifty IT index falls 1%, extends decline to 8th session; HCLTech, Infosys among top losers: Here's why
Indian shares fall as oil prices rise
The Nifty fell to a six-month low, with Brent nearing $108 a barrel and oil-price concerns and rising US bond yields weighing on shares. More than ₹7.5 lakh crore in market capitalisation was erased, and 18 of 50 Nifty stocks were over 20% below their 52-week highs.
Tuesday, 29 September
- Indian stocks fall 2.3% this week, face potential eighth straight weekly decline