Sensex, Nifty log longest weekly losing streak in 15 months
Friday, 18 August 2023
Indian shares have recorded their longest losing streak since May 2022, with both the Nifty 50 and Sensex recording a decline for a fourth consecutive week due to concerns about US interest rates and China's struggling economy. IT firms were the hardest hit, with Tata Consultancy Services, Infosys, Wipro losing between 1% and 2%.
Indian shares have recorded their longest losing streak since May 2022, with both the Nifty 50 and Sensex recording a decline for a fourth consecutive week due to concerns about US interest rates and China's struggling economy. IT firms were the hardest hit, with Tata Consultancy Services, Infosys, Wipro losing between 1% and 2%.
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