India’s Nifty, Sensex post eighth straight weekly drop as foreign selling and higher yields weigh
AI Market Summary
Indian equities extended their longest weekly losing streak in 25 years as sustained foreign outflows, Brent holding above $100, and US 10Y yields at 2007 highs tightened financial conditions for emerging markets. A weaker rupee and expectations of an RBI rate hike added domestic headwinds. Elevated India VIX signals rising risk aversion, while DII buying has only partially offset FPI selling, keeping near-term positioning cautious.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.05%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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India’s Nifty and Sensex fell for an eighth consecutive week, marking their longest weekly losing streak in a quarter of a century. Persistent foreign outflows, Brent crude holding above $100 a barrel and the US 10year Treasury yield at its highest level since midJune 2007 have dented demand for emerging-market assets. The rupee also weakened, while markets have priced in a 25 basis point RBI rate hike to 5.50 per cent on 7 October, adding to pressure on equities.
