Nifty falls 2.4% as crude crosses $117: five things that will move markets next week
Oil prices, the US Fed's policy meeting, foreign selling, Q2 results and the Nifty's 22,300 support level will decide whether the sell-off deepens.
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The Nifty fell 2.36% and the Sensex about 2.15% this week, with midcap and smallcap shares falling harder.
Brent crude above $117, foreign outflows of about ₹51,465 crore in October and money tied up in the Jio IPO weighed on markets.
Analysts are watching the US Fed meeting on October 27–28, Q2 earnings and whether the Nifty holds 22,300.