"NIFTY'S EIGHTH STRAIGHT WEEKLY FALL"
The bears are not letting go. Nifty ended Thursday at 22,422, down 3.1% for the week — its eighth consecutive weekly fall. Foreign institutional investors sold equities worth ₹34,970 crore during the week, while domestic institutional investors bought ₹33,460 crore. In September, FIIs pulled out ₹44,010 crore even as DIIs invested ₹76,030 crore. Elevated US bond yields, firm Brent crude prices and uncertainty over a possible Iran peace deal are keeping investors cautious. Bank Nifty fell 2% for the week, while Nifty Midcap and Smallcap dropped 3.6% and 3.4%.
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