It was a volatile Friday on Dalal Street as Indian markets clawed back from deep early losses but still ended the week in the red. The Sensex slipped 0.1% to close at 83,216, while the Nifty held below 25,500, down 0.07%.
Top drags included Bharti Airtel, Tech Mahindra, Reliance Industries, Trent, and HCL Tech, down between 1% and 4.5%.
Airtel plunged after SingTel sold a 0.8% stake for $1.2 billion.
But public-sector banks stood tall, up over 2% for the week, led by SBI after strong Q2 results and a loan growth upgrade.
For the week, both Sensex and Nifty fell about 0.9%, while small-caps slid 1.7%.
Experts say this looks like profit booking after October’s rally, amid foreign outflows and mixed global cues.
Globally, tech-heavy markets tumbled, with the Nasdaq dropped nearly 3% this week—its steepest drop since April—as investors questioned the AI rally and digested weak China trade data.
Oil prices edged higher but remained on track for a second straight weekly loss, while the rupee stayed steady at 88.66 against the dollar, thanks to RBI intervention.
So, after a week of jitters and global sell-offs, investors are watching next week’s earnings cues, FII flow, and US-India trade updates to see if the markets can find fresh momentum.
This is Neha Vashishth and you’re watching ET Market Watch.
Stay tuned, and invest wisely.