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Indian Markets Suffer Longest Losing Streak in 25 Years; Rupee Slips 50 Paise
M
Moneycontrol•03-10-2026, 08:33
Indian Markets Suffer Longest Losing Streak in 25 Years; Rupee Slips 50 Paise
- •Indian equity markets extended their losing streak to the eighth consecutive week, marking the longest weekly decline in 25 years.
- •Both benchmark indices recorded their steepest weekly fall in several months, weighed down by weak global and domestic cues, including elevated Brent crude prices and persistent foreign fund outflows.
- •The BSE Sensex plunged 1,986.04 points (2.68%) to 71,909.70, while the Nifty 50 tumbled 718.55 points (3.10%) to 22,421.95.
- •The Indian rupee weakened 50 paise against the US dollar, closing at 96.32 on October 1, compared with 95.82 on September 25.
- •Foreign institutional investors (FIIs) offloaded equities worth ’34,966.07 crore, extending their selling streak to the sixth consecutive week, while domestic institutional investors (DIIs) purchased equities worth ’33,455.30 crore.
Key Questions Answered
Indian equity markets faced their longest weekly decline in 25 years due to weak global and domestic cues. Key pressures included elevated Brent crude prices from Middle East tensions, rising global bond yields, persistent foreign fund outflows, and a weakening rupee.
The BSE Sensex plummeted 1,986.04 points, or 2.68%, closing at 71,909.70. Meanwhile, the Nifty 50 dropped 718.55 points, or 3.10%, ending the week at 22,421.95.
The Indian rupee weakened by 50 paise against the US dollar over the week, closing at 96.32 on October 1 compared to 95.82 on September 25. It traded within a range of 95.74 to 96.32, moving close to its record low.
