Indian stock markets are continuously moving into the hands of bears amid persistent selling by foreign investors, as corporate earnings remain challenging.
The market participants in the upcoming week starting from Monday will react to the foreign institutional investment flow, currency movement, speculation regarding U.S. tariffs and their impact on global trade and key domestic data.
Failing to maintain the morning session gains, Indian stock indices closed Friday's session and the week in red. This marked eight consecutive sessions of decline in the domestic equity market indices, data showed.
The benchmark Nifty 50 index was trading with a marginal decline of 42 points at 23,338.70, while the BSE Sensex slipped by 114 points to 77,196.86 at the time of reporting.
Market breadth was weak, with only 11 Nifty companies advancing, while 39 declined. Kotak Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech emerged as the top gainers, while Trent, Power Grid, Tata Steel, Titan, and ONGC were the worst performers of the session.
The BSE Sensex declined by 197.97 points, closing at 77,860.19, while the NSE Nifty lost 43.40 points, ending the session at 23,559.95. Out of the Nifty 50 stocks, 28 advanced while 23 declined.