Nifty 50 posts biggest weekly drop in 6 years amid crude surge, rising global yields. Can bulls roar back?

The Nifty 50 posted its biggest weekly drop in six years, closing with a cut of 0.88% and extending a seven-week losing streak, with the index now in bear market territory. Headwinds include Brent crude prices surging above $100 a barrel (around $105), US 10-year Treasury yields at about 5.2%, and FPI selling only partially offset by domestic mutual fund flows. Financials led the decline on proposed insurance commission cap concerns, while technology stocks were pressured by limited AI exposure and fears of further global monetary tightening, with analysts also flagging a possible RBI rate hike at its October meeting.