India’s benchmark Nifty50 has recorded its longest losing streak in 25 years, extending declines into an eighth consecutive week as foreign selling, elevated global bond yields and geopolitical risks weigh on investor sentiment. The index is already down 15% from its all-time high of 26,373, touched in January this year. A 20% decline from the peak would mark a bear market.
The index has fallen over 3% this week, taking its decline over the past nine weeks to roughly 8.7%, or more than 2,149 points. The slide marks the longest run of weekly losses since 2001, when the Nifty declined for nine straight weeks. Historically, the index’s longest losing streak was 10 weeks in 1993, followed by a nine-week decline in 2001.
