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Market move▼ Strongly bearish for Indian equities
Why is stock market crashing? Sensex, Nifty head for worst losing streak in 25 years
The brief
- Sensex and Nifty are heading for their longest losing streak in nearly 25 years
- Foreign investor outflows and rising US concerns are cited amid significant investor losses
- Persistent selling pressures Indian equities broadly, with exposure across listed sectors
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Indian equities’ prolonged sell-off
The Sensex and Nifty fell to six-month lows amid foreign investor selling, rising bond yields, a weak rupee, high oil prices and Iran-related tensions. The sell-off included an intraday ₹9.5 lakh crore loss, and the market recorded an eighth straight weekly decline, its longest losing streak in 25 years.
Thursday, 1 October
- Why is stock market crashing? Sensex, Nifty head for worst losing streak in 25 years