Market move▼ Bearish for TCS
Will Nifty, Sensex plunge for 9th straight week? TCS Q2, 4 factors to drive Dalal Street from Monday
The brief
- Indian markets have recorded eight consecutive weeks of losses, their longest losing streak in 25 years
- TCS Q2 results, oil prices and other factors are expected to drive markets from Monday
- A further sell-off would pressure Indian equities, while TCS results may move IT stocks
- The week ahead in numbers: RBI policy, TCS Q2 results, Nobel prizes
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- TCS, Wipro, Infosys, HCL Tech: Why experts see IT stocks' price jump on Monday — What's giving the boost?
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.
Sunday, 4 October
- Will Nifty, Sensex plunge for 9th straight week? TCS Q2, 4 factors to drive Dalal Street from Monday