Market move● Neutral for Indian equities
Sensex and Nifty open higher after longest weekly decline in 25 years
The brief
- Sensex and Nifty opened higher after eight straight weekly declines
- Record foreign selling and elevated crude oil prices weighed on markets last week
- Foreign outflows and crude prices weigh on Indian equities and oil-sensitive sectors
- September IPO rush draws $1 billion FPI money even as listed stocks see record outflows
- Cash, derivatives volumes sink as oil, yields roil sentiment
- Monday Watchlist: IT, metal stocks in focus as FIIs build massive short bets
- Trade Setup For Oct 5: Nifty Finds Support At 22,600-22,400 Levels Amid Hormuz Disruption, Persistent FII Outflows
- Week Ahead On D-Street: RBI Policy, Q2 Results, FPI Flows Among Key Triggers To Dictate Sensex, Nifty
Indian markets’ eight-week losing streak
Indian equities recorded eight consecutive weekly losses, with the Sensex down 570.59 points to 71,909.70 on October 1. Record foreign selling and elevated crude prices weighed on markets.
Monday, 5 October
- Sensex and Nifty open higher after longest weekly decline in 25 years