Nifty falls for a fifth straight week as crude oil pressure builds
Rising crude oil, a weaker rupee and foreign selling keep Indian markets under pressure.
Indian equity markets remained under pressure this week as rising crude oil prices, a weaker rupee and continued foreign investor selling weighed on sentiment.
The Sensex fell 2.26% to close at 74,781.76, while the Nifty 50 declined 2.09% to 23,398.10, marking a fifth consecutive weekly loss. Technology and real-estate stocks were among the weaker performers, while market volatility increased.
Investors will now watch crude oil prices, foreign institutional flows and the rupee’s movement for signs of stabilisation. Trading on the BSE and NSE will resume on September 15 after a three-day closure.
MarketForesee takeaway: High oil prices could continue to pressure inflation, corporate costs and equity valuations. Investors should focus on risk management and avoid making decisions based solely on short-term market movements.
Source: https://upstox.com/news/market-news/stocks/market-weekly-wrap-sensex-nifty-50-fall-2-for-5th-straight-week-asian-markets/article-200219/
This report is for information and education only and is not investment advice.
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