The Indian stock market ended Friday’s session lower, with key benchmark indices declining over 0.5%. The absence of fresh catalysts led traders to book profit, causing markets to cool off sharply from recent highs, while the lack of significant global trade developments also contributed to the decline.
The Nifty 50 index ended the session down 0.60% at 25,722, while the S&P BSE Sensex lost 0.55% to close at 83,938 points. Both benchmarks also ended the week in the red, snapping their four-week winning streak.
The broader markets mirrored the trend in frontline indices, with the Nifty Midcap 100 slipping 0.45% and the Nifty Smallcap 100 declining 0.48%.
Vinod Nair, Head of Research, Geojit Investments Limited, said, “Indian equities ended decisively lower after a volatile session, as investors booked profits amid mixed corporate earnings and cautious global sentiment in the backdrop of a strong greenback.”
“Most sectors closed in the red, pressured by renewed FII selling which have turned cautious after Powell’s hawkish statement and US-China trade development did not meet expectations. However, PSU banks outperformed on expectations of increased FDI limits and better Q2 results,” he further added.
Ponmudi R, CEO of Enrich Money, said, “Market sentiment remained cautious, shaped by a blend of global and domestic influences. Continued FII selling weighed on sentiment, though selective DII buying provided some stability. While near-term consolidation may persist, the broader outlook stays constructive, underpinned by robust corporate earnings, resilient domestic demand, and supportive policy measures.”