Nifty Records Seventh Consecutive Weekly Decline Amid Crude Volatility

The Indian equity markets ended another volatile week in the red, recording their seventh consecutive weekly decline. The Nifty 50 declined 0.88% to close at 23,140.50, while the Sensex fell 399.22 points (-0.54%) to end at 73,895.74.

The Bank Nifty slipped 778.30 points (-1.38%) to close at 55,580.40 as crude oil volatility and elevated global yields weighed on sentiment. Markets initially found support from easing crude oil prices and bargain buying but Thursday's sharp sell-off erased the week's gains.

The upcoming week will have only four trading sessions due to Mahatma Gandhi Jayanti on October 2. Tuesday, September 29 will be important as it is the monthly F&O expiry for Nifty, Bank Nifty, and stock derivatives.