Nifty, Sensex face 9th weekly loss as TCS Q2, oil, US yields, FII selling weigh

Indian stock markets have fallen for eight consecutive weeks, the longest losing streak in 25 years, driven by rising oil prices, surging US bond yields, and heavy selling by foreign institutional investors. Investors now look to Q2 earnings from companies like TCS and DMart for signs of resilience. The 10-year US Treasury yield hit 5.34%, its highest since 2002, making US bonds more attractive than emerging-market assets and pressuring the rupee, which fell to a two-month low. Foreign investors have offloaded Rs 43,687 crore in six sessions, with analysts calling the selling rational given the global rate environment. Oil prices remain volatile after European leaders agreed to release diesel reserves, though Goldman Sachs warns prices could reach $120 a barrel if Middle East attacks intensify. Nifty faces immediate resistance at 22,500-22,600, with a sustained move above 22,600 needed for near-term stability.