India's Nifty 50 dropped 3.10 percent to 22,421.95, capping its eighth consecutive weekly decline — the longest in 25 years. Weak global cues, elevated crude prices, rising bond yields, foreign outflows of Rs 34,966 crore and a weakening rupee drove the selloff, erasing nearly Rs 15 lakh crore in market value. Only Nifty IT gained.
Nifty Falls for Eighth Straight Week, Longest Losing Streak in 25 Years
Source: Moneycontrol