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Equity market indices ended lower for the 8th consecutive week as of October 1, as investors remained cautious amid FII outflows, multi-year high US Treasury yields and rebounding oil prices.
Nifty fell 3.11% WoW to 22,421.95, marking its eighth straight weekly decline amid FII selling, high crude prices and rising bond yields. Full recap & outlook for October 5–9.
Nifty breach of 22,400 extends market losing streak to 8 weeks as relentless FII dumping, multi-year high US yields, and rupee weakness weigh on Dalal Street.