Stock Market Weekly Report indicates Indian equity markets extending their losing streak to the sixth consecutive week, with the Nifty and Sensex facing pressure from crude oil prices, West Asia tensions, global bond yields and persistent foreign fund outflows.

Key Highlights

• Nifty and Sensex extended their losing streak to six weeks amid crude oil pressures and persistent foreign investor selling.
• NSE IPO remained a major market event as investors tracked subscription, valuation and expected September 24 listing.

Indian stock market remained volatile in the week ended September 18, with the Nifty and Sensex extending their losing streak to a sixth consecutive week, the longest such run since 2020. The market remained closed on September 14 for Ganesh Chaturthi, while trading in the remaining four sessions was influenced by crude oil prices, West Asia tensions, global bond yields, foreign fund outflows and the US Federal Reserve’s policy outlook.

The Nifty 50 ended Friday at 23,346.40, gaining 75.80 points or 0.33% on the day. The Sensex closed at 74,294.96, down 19.63 points or 0.03%. On a weekly basis, however, the Nifty declined around 0.22%, while the Sensex fell about 0.65%.

Nifty and Sensex Performance This Week

Tuesday Sell-Off Drags Markets Lower

Tuesday emerged as the weakest session of the week, with the Nifty falling 1.19% to 23,118.60, its lowest closing level in five months. The Sensex declined 777.94 points, or 1.04%, to 74,003.82.

Rising crude oil prices and higher global bond yields weighed on investor sentiment. Brent crude moved to around $107.80 a barrel, while the US 10-year Treasury yield reached a near two-decade high. Financial and auto stocks were among the sectors facing significant selling pressure.

Wednesday Rebound Provides Relief

Indian equities recovered on Wednesday following Tuesday’s sharp decline. The Nifty rose 0.43% to 23,217.60, while the Sensex gained 332.63 points, or 0.45%, to 74,336.45.

FMCG, banking, financial and selected defensive stocks supported the rebound, while several large IT stocks remained under pressure.

Thursday Sees Mixed Trading

Markets remained mixed on Thursday as investors assessed signals from the US Federal Reserve. The Nifty gained 0.23% to 23,270.60, while the Sensex slipped 21.86 points, or 0.03%, to 74,314.59.

Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising around 0.92% and the Nifty Smallcap 100 gaining approximately 0.76%. Auto, pharma and realty stocks were among the stronger-performing sectors.

Friday Recovery Keeps Nifty Above 23,300

The final session of the week ended on a mixed note. The Nifty gained 75.80 points, or 0.33%, to 23,346.40, while the Sensex slipped 19.63 points, or 0.03%, to 74,294.96.

Softer crude prices and supportive Asian market cues encouraged selective buying. Mid-cap and small-cap stocks also gained more than 1% during the session. Adani Ports was among the strongest Nifty performers, while TCS remained under pressure.

Also Read: Weekly Stock Market Report: Sensex and Nifty Extend Fifth Weekly Fall

IT Stocks Remain Under Pressure

IT stocks continued to be among the weaker segments of the market. The Nifty IT index fell around 1.03% on Friday, with TCS, Infosys, HCLTech and Tech Mahindra facing selling pressure.

The sector remained affected by concerns surrounding global technology spending, US interest rates and the broader macroeconomic environment.

Financial stocks, meanwhile, remained volatile. Banks and financial companies faced heavy selling during Tuesday’s decline before recovering in subsequent sessions. HDFC Life and SBI Life were among the stronger performers during the week.

Crude Oil, FII Selling Keep Pressure on Markets

Crude oil remained a key external risk for Indian equities, with Brent crude moving above $100 a barrel during the week amid geopolitical tensions. Higher oil prices can increase India’s import bill while adding pressure on the rupee and inflation. A decline in crude prices by Friday supported the market recovery.

Foreign investor selling also remained a major concern. FIIs sold Rs 3,208.76 crore on September 17, while domestic institutional investors bought Rs 3,617.75 crore. FIIs had sold around Rs 17,810 crore during September through September 17.

NSE IPO Becomes a Major Market Event

The National Stock Exchange’s Rs 22,569-crore IPO emerged as one of the major capital-market developments of the week. The issue opened on September 17 with a price band of Rs 1,700-Rs 1,785 per share.

The NSE IPO is entirely an offer for sale by existing shareholders, meaning NSE will not receive the proceeds. The shares are expected to begin trading on September 24.

What to Watch Next Week

Indian equities enter the next week after recording their sixth consecutive weekly stock market decline. Investors are likely to track crude oil prices, developments in West Asia, FII flows, the rupee, global bond yields and US monetary-policy expectations.

The NSE IPO will remain in focus as its subscription period ends on September 21, followed by its expected listing on September 24. The Nifty’s ability to sustain levels above the 23,300 zone will also remain important after Friday’s recovery.