Trent among top losers as Nifty posts worst weekly losing streak since 2008
Trent was among the session’s major decliners as Indian equities faced pressure from elevated crude prices, global yields and geopolitical risk. The Nifty’s extended weekly slide marks its worst losing streak since 2008.
What happened
Indian benchmarks recovered modestly after a sharp prior-session decline, while Nifty logged its worst weekly losing streak since 2008. Trent and Bharti Airtel
Key facts
- Nifty 50 closed at 23,063.10, down 383.70 points (1.64%) in the previous session
- Sensex closed at 73,580.54, down 1,247.71 points (1.67%)
- Brent crude was $106.04 per barrel, down 0.93%
- Nifty Smallcap 100 rose 0.1%; Nifty Midcap 100 fell 0.10%
What changed
Indian benchmarks recovered modestly after a sharp prior-session decline, while Nifty logged its worst weekly losing streak since 2008. Trent and Bharti Airtel were among top losers, amid pressure from high crude prices, global yields and the US-Iran conflict.
Why this matters
Trent’s decline appears tied to broad market pressure rather than a disclosed operating issue, but elevated crude and macro uncertainty warrant monitoring for consumer-demand and cost impacts.
What to watch
- Crude oil direction and its effect on Indian inflation expectations
- Indian and US bond-yield movements
- Rupee performance and imported input-cost pressure
- Nifty stabilization versus continuation of weekly losses
- Trent quarterly sales growth, gross margin and new-store opening data