Indian stock market enters October after recording eighth straight weekly loss

The Indian stock market entered October with its longest eight-week losing streak for the Nifty and Sensex in 25 years, amid sharp declines on Thursday.

Global investor fears in October draw from historical crashes, including the October 19, 1987 Black Monday when the Dow Jones fell nearly 22% and wiped out nearly $500 billion in US market capitalization.

During October 1929, the Dow fell 13% on October 28 followed by a 12% drop on October 29, while over the last decade Nifty 50 performance in October has shown range-bound movement.