Nifty's Record Losing Streak Ends in a Whimper as a Broken Ceasefire Sends Oil Near $94
Nifty capped its longest losing streak in eleven months — seven straight sessions running back into the prior week — with a sharp one-day reversal, ending this week at 24,252, down about 0.5%. The temporary US–Iran ceasefire lapsed on Tuesday, sending Brent crude toward $93–94 and reviving the same Hormuz-related fears that hit markets last week. The offsetting story: a surprise US Treasury move to calm bond markets mid-week, plus falling odds of a September Fed rate hike, helped Nifty snap the streak on Thursday and limit the damage.
−0.5% for the week
Touched near $94 as ceasefire lapses
Weakened from ~95.47
Record high, third straight weekly gain
This was the week the Hormuz standoff turned into something more concrete: the temporary US–Iran ceasefire that had quietly been holding expired on Tuesday, and oil resumed its climb toward $93–94 as tensions escalated through the week. Nifty extended a losing streak that began the previous Tuesday to seven consecutive sessions by Wednesday — its longest run since September 2025 — before a sharp Thursday rebound, triggered by the US Treasury's surprise plan to double its long-bond buybacks, clawed back most of the damage. The Fed's July meeting minutes showed a genuinely hawkish committee, with three regional presidents pushing for an immediate rate hike, yet market-implied odds of a September hike kept falling anyway, down to roughly one in three. Gold hit fresh records for a third straight week, and domestic funds again stepped in on the market's worst days to help cushion the fall.
This Week's Standout Movers, and How India Compared
A look beyond the index level — at individual stocks, and at the rest of the world
Underneath the index-level swings, a handful of names told their own story this week. Welspun Corp was the single biggest mover, jumping around 15% on Friday after landing a record $1.8 billion order. Eternal (Zomato) was one of the week's most consistent gainers, showing up among Nifty's top performers on three separate sessions. On the losing side, IT bellwethers HCL Tech, Infosys and TCS were repeat laggards through Monday and Tuesday as rising bond yields weighed on the sector, while Trent ended the week as Friday's single biggest loser.
| Stock | Move | Why |
|---|---|---|
| Welspun Corp | +15% (Fri) | Record $1.8 billion order win |
| Eternal (Zomato) | Repeat gainer | Among Nifty's top performers three separate sessions |
| HCL Tech, Infosys, TCS | Repeat laggards | IT hit hardest early in the week by rising bond yields |
| Trent | Fri's biggest loser | Broader consumer-discretionary weakness |
Zooming out, Nifty's roughly 0.5% weekly dip was actually a relatively mild outcome by global standards. Rising Treasury yields and oil prices hit Wall Street considerably harder, and Japan had its worst week in over a month — Hong Kong was the lone major market to buck the trend entirely.
| Index | Weekly Change | Note |
|---|---|---|
| Nifty 50 (India) | ~−0.5% | Second straight losing week |
| S&P 500 (US) | ~−1.9% | Dow ~−1.8%, Nasdaq ~−2.5%; ends a three-week winning streak* |
| Nikkei 225 (Japan) | ~−4% | Its worst week in over a month |
| Hang Seng (Hong Kong) | ~+3% | Snapped a two-week losing streak |
*US figures are through Thursday's close; Friday's session saw a partial rebound that likely trimmed these losses somewhat.