Indian stocks reportedly trade in the red for an eighth consecutive week

On October 2, Barchart said Indian stocks were trading in the red for eight consecutive weeks, their longest losing streak since the dot-com bubble burst. A post the day before reported a 1.5% NIFTY drop to a six-month low and said more than ₹5.1 trillion ($57 billion) had been wiped from Indian stocks. At the time, it said an eighth weekly loss was still on track.