Markets Under Pressure: Nifty Extends Losing Streak to 7 Days
What Happened
Indian equities closed lower for another session with Sensex falling 326 points to 76,910 and the Nifty 50 declining 77 points to 24,078, as rising crude oil prices, elevated global bond yields, and continued uncertainty surrounding the US-Iran situation weighed on sentiment. Nifty fell for a seventh straight session, its longest losing streak since September 2025. While IT stocks offered some support, broad-based selling in defence, energy, and infrastructure stocks kept the benchmarks under pressure.
Key Takeaways
Higher oil prices near $92 per barrel and global risk-off sentiment kept investors cautious, pushing Indian markets into a seventh consecutive day of declines despite resilience in IT stocks.