Seven Down Weeks, and One Thursday Did the Damage — US Bond Yields at a 19-Year High Met an Insurance Regulator’s Consultation Paper; Nifty −0.88% to 23,141, Sensex −0.54% to 73,896
NeutralThe Nifty 50 fell 0.88% to 23,140.50 and the Sensex 0.54% to 73,895.74 — a seventh consecutive down week and the Nifty’s longest losing run since early 2020, totalling 5.82% from the 7 August close with no single week losing as much as 2.1%. By Wednesday the Nifty was 100 points up on the week; Thursday alone then took 383.70 points as the US 10-year yield closed at its highest since 2007, Brent settled above $106 and IRDAI’s proposals to cap insurance distribution costs hit insurers and financials. Foreign investors sold a net ₹11,490 crore over five sessions; domestic institutions bought ₹16,398 crore. Wall Street rose through the same yields (S&P 500 +1.2%, Nasdaq +2.1%), and India’s own data was firm — flash composite PMI 56.5, S&P Global’s FY27 forecast raised to 7.0%.
Key Points This Week
- 1Nifty −0.88% to 23,140.50 and Sensex −0.54% to 73,895.74 — a seventh straight down week, the longest since early 2020, −5.82% in total; every session verified and summed to the point on both indices
- 2Thursday 24 September alone: Nifty −383.70, Sensex −1,247.71 — more than the week’s whole loss — on a 19-year-high US 10-year yield, Brent above $106 and IRDAI’s distribution-cost consultation paper
- 3PB Fintech −36% in one session and HDFC Life −6.16% after IRDAI proposed lower expense limits and commission caps; comments are open until 25 October and no existing policy changes
- 4FIIs −₹11,490 Cr over five days, DIIs +₹16,398 Cr · Nifty IT −2.4%, Realty +3.0% · Nifty Midcap 100 about −2.1% · India VIX 12.16
- 5Flash composite PMI 56.5 · S&P Global FY27 growth forecast 7.0% · RBI’s second ₹25,000 Cr bond-sale tranche fully accepted · forex reserves −$14.88bn · BSE Ltd enters the Nifty 50 on 30 September
SIP Investor Advice
A streak is a count; your money experiences a size. Seven down weeks is the longest run since 2020, but the total is 5.82% on the Nifty, and the last streak this long came with a fall many times larger. This week also showed how concentrated a decline can be: one Thursday did more than the whole week’s damage, while domestic institutions bought steadily through all five sessions. A monthly SIP bought each of the seven weeks at a lower price than the one before, which is precisely the job it was set up to do. If anything deserves a look, it is your mid- and small-cap weight after a good year, which a Relationship Manager can check against the risk you originally chose.
Market data shown is illustrative/sample only. Not real-time. All information is for educational purposes and should not be construed as investment advice. Past performance does not guarantee future returns.