Indian Equities Slide for Eighth Week, Eyes on RBI and Earnings
Indian equities extended their slide for the eighth consecutive week, marking the Nifty 50's longest weekly losing streak since 2001. Markets observed a holiday-truncated week, with trading closed on Friday. Cheaper oil provided little relief as the downward trend persisted, with attention now turning to the Reserve Bank of India (RBI) and upcoming earnings reports.
New Delhi, Oct. 1 -- Cheaper oil failed to provide much relief for Indian equities, which slipped for an eighth straight week. The Nifty 50 logged its longest weekly losing streak since 2001 in a holiday-shortened week, with markets shut on Friday for Gandhi Jayanti. On Thursday, it fel…