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Market move▼ Strongly bearish for Indian equities
Nifty logs longest weekly losing streak since Covid-19 crash in 2020
The brief
- Brent crude plunged 11% for the week as 10-year bond yields hardened
- PB Fintech fell 33% amid fears over IRDAI reforms
- Higher yields and regulatory concerns weigh on insurers and PB Fintech (PBFINTECH)
- Oil price rise puts more pressure on government bonds
- India's key-tenor bonds may see relief after October-March supply cut
- Changing trends of retail participation in G-Secs
- Rupee and government bonds face pressure as oil rises and Iran diplomacy hopes fade
- Senior citizen wrongly paid tax on tax-free bonds: What the ₹9.91 lakh ITAT case means
Indian equities’ weekly losing streak
Indian equities recorded their longest weekly losing streak since the 2020 Covid-19 crash, with the Nifty 50 down 0.88% over the week. Financial services stocks were hit amid concerns over IRDAI reforms, rising US yields and oil-market moves.
Saturday, 26 September
Friday, 25 September
- Nifty logs longest weekly losing streak since Covid-19 crash in 2020