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Market move▼ Bearish for Indian equities
Nifty's eight-week slide puts 2001 record back in sight as Brent bites
The brief
- Nifty’s eight-week slide puts its 2001 record back in sight
- Rising crude, firm US yields and global risk aversion weigh on Indian equities
- Higher crude and yields pressure Indian equities, especially oil-sensitive sectors
- Three in every four stocks slip below 100-day moving average as FPI selling intensifies
- September fundraising highest for any month this year amid Nifty's big fall
- Bharat Dynamics among 5 capital goods stocks that hit 52-week lows and slipped up to 17% in a month
- Equities post eighth straight weekly loss as global headwinds intensify
- Nifty IT crashes 11% in September: TCS, Infosys, Wipro among top losers — Can Q2 earnings spark a rebound?
Crude and bond yields pressure Indian markets
Rising crude prices, US yields and global risk aversion weighed on Indian equities, with Brent rising above $106 a barrel and the Nifty slipping below 22,700. The Nifty’s eight-week slide put its 2001 record back in sight.
Thursday, 1 October
- Nifty's eight-week slide puts 2001 record back in sight as Brent bites