The BSE Sensex ended 56.98 points lower, settling at 79,648.92, while the NSE Nifty declined by 20.50 points to close at 24,347.00. Among the Nifty companies, 19 saw advances while 30 recorded declines.
The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts.
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
The Indian stock market, on Wednesday, retained its gain after suffering a historic bloodbath on Monday. Sensex surged 900 points snapping three-day losing streak.
The Sensex plunged by 2,222.55 points, closing at 78,759.40, while the Nifty fell by 662.10 points, ending the day at 24,055.60. Among the Nifty companies, only 5 advanced while 45 declined, underscoring the market's bearish sentiment.
The report highlights the key indicators which reflect the extreme valuations in the Indian markets. It added that the market cap to GDP ratio stands at 150 per cent, matching the 2007 peak.
The Indian stock market exhibited volatility over the past week after touching a fresh lifetime high. The benchmark indices closed marginally lower amid mixed signals.