Domestic benchmark stock Indices -- Sensex and Nifty -- started the fresh week in the green as they rose marginally erasing some part of the losses from the previous session.
Sensex closed the week's last session at 59,330.90 points, down 874.16 points or 1.45 per cent, whereas Nifty closed at 17,604.35 points, down 287.60 points or 1.61 per cent
Indian stock markets opened near the flatline on Friday - the last trading session of the week. At the time of writing this report, Sensex and Nifty were largely steady.
The subdued market sentiment is due to the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
Indian stock indices have extended losses for the second straight session, largely due to continued selling by foreign investors on concerns over higher stock valuations.
The US Federal Reserve officials believe it would not be "appropriate" to begin loosening monetary policy stance in terms of interest rate in 2023, Minutes from the latest policy meeting held on December 13-14 showed.
The graph of benchmark indices - Sensex and Nifty - in 2022 shows at least four major ups and downs with varying intervals with the first being during the initial days of the war in Ukraine.