Indian equity benchmarks have extended their losing streak for an unprecedented eighth consecutive week, marking the longest such run in 25 years. The NSE Nifty50 index declined 3.11 percent this week, bringing its total fall over the eight-week period to 8.74 percent, impacting investor confidence across the market.
Several factors contributed to the sustained downturn, including elevated global bond yields, a surge in crude oil prices, and persistent outflows from foreign funds. Concerns over potential disruptions to energy supplies through the Strait of Hormuz have also kept crude oil prices high, exacerbating inflation and margin pressures on companies.
Top Performers and Laggards
Among the Nifty constituents, several major players experienced significant declines over the eight-week period:
- Tata Motors Passenger Vehicles Ltd (TMPV): Down 19.48%
- Maruti Suzuki India: Down 18.89%
- Mahindra & Mahindra (M&M): Down 18.33%
- Jio Financial Services: Down 17.25%
- Tata Consultancy Services (TCS): Down 15.40%
Conversely, a few stocks managed to post gains amidst the broader market weakness:
- Kotak Mahindra Bank: Up 7.06%
- Dr Reddy's Laboratories: Up 2.92%
- Adani Ports: Up 2.62%
- Coal India: Up 1.24%
During the most recent week, Bajaj Auto, Apollo Hospitals Enterprise, Titan, Max Healthcare, and Grasim Industries were among the top Nifty losers, with falls of up to 10.96 percent. Kotak Mahindra Bank and Infosys, however, emerged as top weekly gainers, rising 3.55 percent and 3.48 percent respectively.
Expert Commentary and Market Outlook
The BSE Sensex also felt the pressure, slipping 2.69 percent this week and closing at 71,909.70 on Thursday, a decline of 570.59 points. The Nifty index closed at 22,421.95, down 198.50 points.
Ajit Mishra, SVP (Research) at Religare Broking, noted, "Markets came under renewed and sharp selling pressure, extending the corrective trend. Nifty slipped below its critical support zone of 22,400–22,600, while Sensex breached its April 2026 low during the session."
Ravi Singh, Chief Research Officer at Master Capital Services, highlighted the impact of foreign investor selling and macroeconomic concerns. "Indian equity markets remain under pressure, with the benchmarks heading towards their eighth consecutive weekly decline, amid persistent foreign investor selling, elevated global bond yields and ongoing West Asia tensions," Singh stated. He added that FII selling is weighing on market liquidity, and pressure on the rupee, coupled with elevated US Treasury yields, continues to divert funds towards dollar-denominated assets.
The indices are scheduled to remain closed on Friday to observe Mahatma Gandhi Jayanti, offering a brief pause in the volatile market activity.