Indian equities are staring at the risk of a ninth straight weekly loss, with the Nifty down about 0.8% so far this week after already posting its longest losing streak in 25 years. After eight consecutive weekly losses, Nifty ended higher on Monday and Tuesday, raising expectations that the market may finally be attempting a relief bounce. That optimism faded quickly. The index snapped its two-day gain on Wednesday after the Reserve Bank of India (RBI) raised interest rates and shifted its policy stance to calibrated tightening, and selling deepened on Thursday as crude oil, US bond yields and foreign outflows again dominated sentiment.
The pressure is now back on Friday's close. If the Nifty fails to recover the week’s losses, it will mark the ninth straight weekly fall, extending a run that has already become historic.
