ET Market Watch: Profit Booking, Weak Global Signals Hamper Markets; Sensex ends marginally lower | The Economic Times Podcast

Hello, you’re listening to ET Markets Radio and welcome to ET Market Watch – I’m Neha Vashishth. Let’s get to the main highlights.It was a volatile Friday on Dalal Street as Indian markets recovered from deep early losses but still ended the week in the red. The Sensex fell 0.1% to close at 83,216, while the Nifty remained below 25,500, down 0.07%.

The top drags included Bharti Airtel, Tech Mahindra, Reliance Industries, Trent and HCL Tech, down between 1% and 4.5%.
Airtel plummeted after SingTel sold a 0.8% stake for $1.2 billion.

But public sector banks held their ground, rising more than 2% this week, led by SBI after strong second-quarter results and an upgrade in credit growth.

During the week, both Sensex and Nifty fell around 0.9%, while small-caps fell 1.7%.
Experts say this looks like profit booking after October’s rally amid foreign outflows and mixed global signals.

Globally, tech markets tumbled, with the Nasdaq down nearly 3% this week – its steepest decline since April – as investors questioned the AI ​​rally and digested weak Chinese trading data.

Oil prices moved higher but remained on course for a second straight weekly loss, while the rupee remained steady at 88.66 against the dollar, thanks to RBI intervention.

So, after a week of turmoil and global sell-off, investors are watching earnings numbers, FII flows and US-India trade updates to see if the markets can find new momentum.

This is Neha Vashishth and you are watching ET Market Watch.
Stay informed and invest wisely.