Indian Stock Market Extends Losing Streak for Eighth Week Amid Global Weakness

The Indian stock market continued its downward trend for the eighth consecutive week, closing sharply lower on Thursday due to sustained selling pressure and weak global cues.

The Sensex plummeted by 1,670.84 points, while the Nifty declined more than 3%. The bearish trend was visible from Monday, with the Sensex falling 1.52% and extending its recent weakness.

Several factors influenced investor sentiment, including elevated bond yields, a fresh surge in crude oil prices, and sustained FII selling.