September Rout Makes History: Nifty Posts Worst Monthly Fall in 8 Years, Worst Series Drop Since 2001
4 Articles
4 Articles
Festive crash ahead? Nifty bulls face 4 bearish signs as October F&O series begins
Nifty enters the October series after a 6.7% fall in the September series, its worst in 25 years. Foreign investors sold Rs 25,662 crore of Indian equities, while bearish futures positions increased. The index is also testing its 200-week moving average, making 22,600 a key technical level for investors.
Nifty 50 falls 6.3% in September, worst monthly series in 25 years; what triggered the sell-off?
September was challenging for Nifty, marking a 6.3% decline, the worst since 2001. The index's seven-week losing streak reflects weak market sentiment, driven by high crude oil prices, elevated bond yields, and uncertainties regarding financial sector regulations amid tightening monetary policies.
The Nifty, the leading stock market index, is heading for its eighth consecutive week of decline. Since August 7th, the Nifty has fallen by more than 7.50 percent. Investors have suffered losses of ₹39 lakh crore.
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