Indian markets face longest weekly losing streak in 7 months
after close1 source ↓written by the desknot a recommendation
- on Friday
- 2%
Indian equities fell over 2% on Friday, marking the longest weekly losing streak in seven months. The decline was fueled by profit booking after a mid-week rebound, rising global bond yields, and a weakening rupee amid high crude oil prices. Traders are cautious as geopolitical tensions persist.
• Weak rupee adds pressure
• Elevated crude oil prices impact sentiment
• Profit booking follows mid-week gains
Not investment advice. For informational purposes only.