Nifty and Sensex Suffer Steepest Decline Since 2022 | Weekly Stock Market Wrap
Worst Week in Two Years for Indian Markets
This week, the Nifty 50 and Sensex saw their steepest decline since June 2022, both dropping over 4%, driven by global uncertainty and geopolitical tensions. Key contributors to this downturn included Hero MotoCorp, Axis Bank, and Shriram Finance. Global factors like the Israel-Palestine conflict and rising oil prices added pressure, with Brent crude surging nearly 10%. Indian market heavyweight stocks like HDFC Bank and Reliance Industries led the decline, while IT stocks provided some support.
Amid volatility, investors are urged to stay cautious amid global uncertainties, with key economic data and upcoming RBI and US Fed meetings in focus.
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