Sensex, Nifty Extend Weekly Losses As Global Uncertainty Weighs On Markets

Indian equity benchmarks ended the week in negative territory, extending losses for a second consecutive week as persistent global uncertainties continued to weigh on investor sentiment despite supportive domestic policy measures.

The Nifty declined 0.77 per cent during the week and slipped 0.21 per cent on Friday to close at 23,366.

The Sensex also ended lower, falling 116 points, or 0.16 per cent, to settle at 74,243, while recording a weekly loss of 0.71 per cent.

Market participants remained cautious amid ongoing geopolitical tensions in West Asia and concerns over their impact on global crude oil prices.

Although periods of moderation in oil prices offered temporary relief, investors largely maintained a defensive stance throughout the week.

Analysts noted that Indian equities traded within a narrow range and displayed a mild negative bias, though markets recovered some lost ground towards the end of the week.

Supportive liquidity measures announced by the Reserve Bank of India and stability in the rupee helped improve confidence.

A downward revision in growth projections tempered optimism and prompted selective profit-booking across sectors.

Investors welcomed measures to attract foreign capital and ease bond market regulations. The rupee strengthened against the US dollar, supported by RBI efforts to maintain stability.

Despite global challenges, domestic fundamentals remained supportive.

Analysts expect markets to stay range-bound, with the Nifty Midcap100 falling 1.57 per cent and the Nifty Smallcap100 declining 0.16 per cent during the week.

Market participants will also track monsoon progress, crude oil prices, geopolitical developments and India-US trade talks.

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