The stock market is currently under significant pressure. During this week, the market showed a decline for two days, and the downward trend is expected to continue. The main reason for the pressure is the ongoing sell-off by foreign funds, and the rise in crude oil prices has once again affected market sentiment.
This is the eighth consecutive week that the Sensex and Nifty indices have fallen. Such a continuous market decline over the last 25 years is unprecedented. However, there is a positive aspect during this downturn: the market will be closed on October 2nd in observance of Gandhi Jayanti.
This week, the NSE Nifty50 index fell by 3.11%, and the total drop over eight weeks reached 8.74%. Among the stocks that performed worst in Nifty was Tata Motors Passenger Vehicles Limited, which lost 19.48%. This was followed by Maruti Suzuki with a drop of 18.89%, Mahindra & Mahindra with a drop of 18.33%, Jio Financial Services with a drop of 17.25%, and TCS with a drop of 15.40%.
On the other hand, Kotak Mahindra Bank demonstrated a growth of 7.06% over 8 weeks, followed by Dr. Reddy's Laboratories with a growth of 2.92%, Adani Ports with a growth of 2.62%, and Coal India with a growth of 1.24%. During this week, Bajaj Auto, Apollo Hospitals Enterprise, and Titan were among the stocks with the largest losses in Nifty, where a fall of up to 10.96% was recorded.
On Thursday, the Sensex index, comprising 30 stocks, closed at 71,909.70 points, corresponding to a fall of 570.59 points or 0.79%. The Nifty index closed at 22,421.95 points, falling by 198.50 points or 0.88%.
Ajit Mishra, Senior Vice President of Religare Broking, noted that the markets faced strong selling pressure again, which intensified the downward trend. After a weak start to trading, when benchmark indices remained in a limited range in the first few hours, an intense period of selling began in the afternoon. Nifty dropped below its support level of 22,400-22,600, and Sensex broke its low level from April 2026 during trading.
Ravi Singh, Chief Researcher at Master Capital Services, stated that the Indian stock market is under pressure, and benchmarks have been moving down for the eighth consecutive week. The reasons cited for this are constant selling by foreign investors, rising global bond yields, and the ongoing tension in the Middle East. Concerns about a possible energy supply disruption through the Strait of Hormuz are supporting high crude oil prices, which increases inflationary and margin pressure.
Singh also added that FII sell-offs are putting pressure on market liquidity, while pressure on the rupee is exacerbating macroeconomic concerns. The rise in US Treasury yields is leading to increased investment by foreign investors in the US.
