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Market move▼ Strongly bearish for Indian equities
Sensex slides 813 points, financial stocks tumble as crude oil and bond yields pressure markets
The brief
- Financial stocks led the decline
- Crude oil and elevated US Treasury yields weighed on sentiment
- Financial stocks faced selling pressure; higher crude also threatens Indian oil-sensitive sectors
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Indian shares extend their losing streak
Indian equities came under pressure amid global weakness, rising crude prices and bond yields. The Sensex and Nifty recorded a seventh consecutive weekly decline, their longest such streak since 2020, as foreign investors sold ₹11,490 crore of equities over five days.
Thursday, 24 September
- Sensex slides 813 points, financial stocks tumble as crude oil and bond yields pressure markets