The brief
- D-Street’s week-long slump is its longest spell in 25 years
- Surging US bond yields helped drive a record selloff in the Sensex and Nifty
- The selloff directly affects Indian equity investors across sectors
- Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti
- Rupee sinks to 96.31, logs biggest fall in over 2 months
- Gold Falls; U.S. Dollar, Yields Key Obstacles for Price Gain
- Gold slips before US payrolls data, set for second weekly loss
- Fed's Logan says rate hikes of 50 bps or more may be needed to cool inflation
Indian stocks’ extended weekly decline
The Nifty 50 fell for seven consecutive weeks as the selloff deepened and stocks broke long-held support levels. By October 2, Indian markets had logged their longest spell of weekly declines in 25 years.
Friday, 2 October
- D-Street logs longest spell of week slump in 25 years