Nifty Falls for 7th Straight Week, Longest Slump Since Pandemic Sell-Off
What Happened
The Nifty 50 fell for a seventh consecutive week, its longest losing streak since the Covid-19 market crash in 2020. The index closed at 23,140.5, down about 206 points from the previous week. Markets were weighed down by rising US bond yields, concerns over insurance-sector reforms, weakness in major Tata Group stocks, and continued global uncertainty. PB Fintech plunged 33% during the week amid fears over proposed changes to insurance commission rules.
Key Takeaways
Indian equities remain vulnerable to global factors such as higher bond yields and inflation concerns. While domestic issues added pressure this week, investor sentiment continues to be driven largely by global liquidity and interest-rate expectations.