Indian benchmark indices ended lower for the seventh consecutive week – their longest losing streak since May 2020. Weak domestic and global cues, rising Brent crude due to Middle East tensions, higher global bond yields, persistent FII outflows, and a weakening rupee kept market sentiment under pressure.
Benchmark Indices
- BSE Sensex: ↓ 399.22 points (-0.53%) to 73,895.74
- Nifty 50: ↓ 205.9 points (-0.88%) to 23,140.5
- Over the last 7 weeks, both indices have declined by more than 5%.
Broader Markets
Nifty Smallcap 100: ↓ 0.8%
- Losers: Ather Energy, Pine Labs, Tata Chemicals, Cholamandalam Financial Holdings, Piramal Finance, CreditAccess Grameen, Capri Global Capital, Central Depository Services, Firstsource Solutions.
- Gainers: Whirlpool of India, Wockhardt, Bandhan Bank, Welspun Corp, HBL Engineering, Ola Electric Mobility, Brainbees Solutions.
Nifty Midcap 100: ↓ 2%
- Major Losers (7–33%): PB Fintech, One 97 Communications (Paytm), Oracle Financial Services Software, L&T Finance, Container Corporation of India, Adani Total Gas, Tata Investment Corporation.
- Gainers (4–10%): Patanjali Foods, Mankind Pharma, ICICI Lombard General Insurance Company, Phoenix Mills, Steel Authority of India, Oberoi Realty.
Market Capitalisation
- Total BSE market capitalisation declined by more than ₹2 lakh crore.
- Biggest Drags: Bharti Airtel, Infosys, Bajaj Finance, Bajaj Finserv.
- Top Wealth Creators: UltraTech Cement, Titan Company, HDFC Bank.
Sector Performance
- IT: ↓ 2.4%
- Private Bank: ↓ 1.5%
- Energy: ↓ Nearly 1%
- Realty: ↑ 3% (Top Gainer)
- Consumer Durables, Pharma & FMCG: ↑ Around 1% each.
Institutional Activity
- FIIs: Sold equities worth ₹11,490.03 crore, extending their selling streak to 5 consecutive weeks.
- DIIs: Bought equities worth ₹16,398.15 crore, continuing their buying streak.
Rupee
The Indian rupee snapped its two-week losing streak and ended 5 paise higher at 95.82 against the US dollar on September 25, compared with 95.87 on September 18. During the week, it traded in the 95.56 – 95.94 range.
Source: Money control
News
1. RBI drains excess liquidity
Liquidity surplus down over 55% from record high
RBI has sold 750 billion rupees worth of bonds over last week
Sell-buy FX swaps also helping drain liquidity – traders
Liquidity drain in focus as October rate hike wagers rise
2. India growth outlook remains strong
Jefferies maintained India’s FY27 GDP growth estimate at 6.5–7%.
Domestic consumption and credit growth continue to support the economy despite global uncertainty.
3. Middle East tensions continue to pressure oil prices
Crude prices stayed elevated due to ongoing geopolitical tensions.
India, being one of the world’s largest oil importers, faces:
Higher import bills
Inflation pressure
Pressure on the rupee
Potential impact on fiscal deficit
Source: reuters, timesofindia
