Eight Down Weeks, and This One Had Size — Four Sessions, Four Falls, as Talks Failed, Oil Retook $100 and Foreigners Sold ₹34,966 Crore; Nifty −3.11% to 22,422, Sensex −2.69% to 71,910
NeutralThe Nifty 50 fell 3.11% to 22,421.95 and the Sensex 2.69% to 71,909.70 in a four-session week — an eighth consecutive down week, reported as the Nifty’s longest since April 2001, and the steepest of the eight, taking the total decline from the 7 August close to 8.74%. All four sessions closed lower: Monday lost 360.25 points after the US–Iran talks broke down and Brent returned above $100, and Thursday 198.50 as auto shares fell on September sales. Consumer Durables and Auto lost about 6%, Nifty IT alone rose, and mid- and small-cap indices fell about 3.5% and 3.2%. Foreign investors sold a net ₹34,966 crore and domestic institutions bought ₹33,455 crore. The economy’s own numbers were firm: September GST collections of ₹2.04 lakh crore, up 14.7%, and a manufacturing PMI of 55.1. The Monetary Policy Committee announces its decision on Wednesday 7 October.
Key Points This Week
- 1Nifty −3.11% to 22,421.95 and Sensex −2.69% to 71,909.70 — an eighth straight down week, the longest since 2001 and the steepest of the eight, −8.74% in total; every session verified and summed to the point on both indices
- 2No recovery day: Monday −360.25, Tuesday −64.05, Wednesday −95.75, Thursday −198.50 on the Nifty; markets shut Friday 2 October for Gandhi Jayanti
- 3Auto shares fell 3.46% on Thursday after September sales — Bajaj Auto −7.62% with domestic two-wheeler sales down 12%, Maruti −4.86% despite sales up 24.4% · hospital shares fell on Wednesday after Supreme Court observations on medicine mark-ups
- 4FIIs −₹34,966 Cr over four days, DIIs +₹33,455 Cr · India VIX 14.44 · Midcap 100 about −3.5%, Smallcap 100 −3.18% · rupee 96.25 · forex reserves −$18.34bn
- 5September GST ₹2,03,521 Cr (+14.7%) · manufacturing PMI 55.1 · RBI’s final ₹25,000 Cr bond-sale tranche drew ₹67,655 Cr of bids · US jobs report weak at 29,000; US 10-year 5.28% · MPC decision 7 October
SIP Investor Advice
Last week we said a streak is a count and your money experiences a size. This week the size grew: the eighth week lost 3.11%, and the Nifty is now 8.74% below its 7 August close. That is still under the 10% usually called a correction, and the 2001 run this streak is being compared with took far more off the index. Domestic institutions bought nearly everything foreigners sold, and the economy’s own data was firm. Nobody knows whether the fall is over. What is known is that an October SIP instalment buys units about 8.7% cheaper than an August one did, which is the mechanism a SIP relies on. If cash flow is tight, speak to your Relationship Manager about pausing rather than cancelling; if it is not, let the instalment run.
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.