Indian Stock Market Sees Sharp Sell-Off as US Yields Rise

The Indian stock market experienced a volatile week from September 21-25, 2026, with the NIFTY 50 index falling nearly 384 points to 23,063, its lowest level in several months.

Rising US bond yields, crude oil prices above $100, and a weaker rupee weighed heavily on sentiment, while India VIX surged sharply.

Mehul Kothari, Deputy Vice President, Technical Research at Anand Rathi, believes the Nifty 50 index has witnessed its seventh consecutive weekly decline, an unusual streak not seen in the index over the past several years.

Despite the prolonged correction, Mehul Kothari's view remains unchanged. The daily chart continues to show a positive divergence, indicating that the downside may be approaching its final phase.