Key facts
- Indian stock markets closed lower on Friday.
- This marks the second consecutive weekly decline for Indian markets.
- Investor sentiment became cautious after the Reserve Bank of India's monetary policy announcement.
- Foreign investors continued to sell Indian equities.
- Domestic institutions provided support to the market.
Indian stock markets concluded the trading week on a downward note, extending their losing streak to a second consecutive week. The cautious sentiment among investors was largely attributed to the Reserve Bank of India's recent monetary policy announcement. Market analysts suggest that the benchmark Nifty index might experience a period of range-bound trading in the immediate future. The selling pressure from foreign institutional investors persisted, although their actions were counterbalanced by buying interest from domestic institutional investors, who provided a degree of support to the market.