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Market move▼ Bearish for Indian equities
Why the stock market fell for 8th straight week, its longest losing streak in 25 years
The brief
- The market logged its eighth straight weekly decline, the longest losing streak in 25 years
- All sectoral indices except information technology ended lower; healthcare and auto were among the biggest losers
- Broad selling hit healthcare and auto stocks, while IT was the exception
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- Karnataka flags 52x mark-up on cancer drugs, seeks Centre's intervention
- Why is Liquidia stock plunging? Yutrepia patent case explained
- Rasayan Labs launches AI-native drug discovery platform at ICT Mumbai
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 the stock market fell for 8th straight week, its longest losing streak in 25 years