Market Update

Indian indices declined for the sixth straight week, slipping nearly 0.5% amid heightened volatility driven by a mix of global and domestic factors. The holiday-shortened week opened on a weak note as rising US-Iran tensions and a spike in crude oil prices dampened sentiment, leading to intrusive selling. However, equities recovered midweek, led by easing geopolitical concerns and softer oil prices. Despite the rebound, volatility persisted due to inconsistent global cues, sustained foreign institutional investor outflows, a weakening rupee, and inflation worries. Both benchmark indices, Nifty and Sensex, ended the week at 22,713.10 and 73,319.55, respectively.