Nifty and Sensex Suffer Steepest Decline Since 2022 | Weekly Stock Market Wrap

This week, the Nifty 50 and Sensex saw their steepest decline since June 2022, both dropping over 4%, driven by global uncertainty and geopolitical tensions. Key contributors to this downturn included Hero MotoCorp, Axis Bank, and Shriram Finance. Global factors like the Israel-Palestine conflict and rising oil prices added pressure, with Brent crude surging nearly 10%. Indian market heavyweight stocks like HDFC Bank and Reliance Industries led the decline, while IT stocks provided some support.