Indian fairness markets continued their downward spiral on Friday, with the Sensex and Nifty closing decrease for the eighth consecutive session of their longest shedding streak in two years. The benchmark Sensex shed 199.76 factors or 0.26 per cent to shut at 75,939.21, whereas the Nifty 50 fell 102.15 factors or 0.44 per cent to finish at 22,929.25, as persistent international fund outflows and issues over potential U.S. tariffs weighed on investor sentiment.
“The market declined for the eighth consecutive session, marking its longest shedding streak in two years, pushed by persistent international institutional investor outflows and rising issues over potential retaliatory tariffs from the USA,” stated Devarsh Vakil, Head of Prime Analysis, HDFC Securities.
The broader market skilled much more extreme losses, with the Nifty Midcap Choose dropping 269.85 factors or 2.38 per cent to 11,090.05, whereas the Nifty Subsequent 50 fell 1,389.80 factors or 2.28 per cent to 59,557.95. Banking shares additionally confronted strain, with the Nifty Financial institution index declining 260.40 factors or 0.53 per cent to 49,099.45.
- Additionally learn: Rupee rises 12 paise to shut at 86.81 in opposition to US greenback
Market breadth remained overwhelmingly detrimental, with 3,320 shares declining in opposition to simply 681 advances on the BSE, whereas 82 remained unchanged. Notably, 641 shares hit their 52-week lows, in comparison with solely 47 reaching 52-week highs, highlighting the depth of the continued correction.
Defensive shares confirmed relative resilience, with high gainers on the NSE being Britannia (+0.95 per cent), ICICI Financial institution (+0.81 per cent), Nestlé India (+0.76 per cent), Infosys (+0.53 per cent), and HCL Tech (+0.50 per cent). Conversely, the worst performers included Adani Ports (-4.63 per cent), BEL (-4.42 per cent), Adani Enterprises (-4.26 per cent), Trent (-2.89 per cent), and Grasim (-2.69 per cent).
“Bears turned the market pink; Nifty plummeted over 2.50 per cent for the week. The Indian fairness markets have witnessed a devastating buying and selling week, utterly overshadowing the constructive momentum constructed over the previous two weeks,” famous Osho Krishnan, Senior Analyst, Technical & Derivatives at Angel One.
The market’s weak point has been attributed to a number of components. “The chance-averse sentiment continues to rule traders’ minds as company earnings are considerably decrease than the market expectations through the begin of the yr, particularly for mid- and small caps. Muted earnings pattern, INR depreciation together with exterior components like tariffs are anticipated to maintain the emotions weak within the close to time period,” stated Vinod Nair, Head of Analysis, Geojit Monetary Providers.
On the technical entrance, Rupak De, Senior Technical Analyst at LKP Securities, noticed: “The Nifty continues to reel underneath a bear assault, closing beneath 23,000 after spending just a few days floating above this stage. Sentiment stays weak, despite the fact that the index managed to shut 155 factors off its low, because it continues to commerce beneath a important short-term shifting common.”
The Indian rupee confirmed some resilience, strengthening by six paise to shut at 86.83 in opposition to the U.S. greenback. Jateen Trivedi, VP Analysis Analyst at LKP Securities, commented: “Rupee traded constructive with good points of 0.10Rs at 86.81, supported by the greenback sliding beneath 107$ and decrease CPI numbers in India, which helped the rupee get better additional after its sharp fall to 88.00.”
International institutional traders (FIIs) have been persistent sellers, with web outflows of Rs. 24,888.74 crores thus far in February 2025. Shrikant Chouhan, Head of Fairness Analysis at Kotak Securities, famous: “FPI flows thus far in Feb’25 have been detrimental for all key rising markets (besides Thailand).”
Trying forward, market observers recommend warning. “The present market texture is weak and if it breaks the 22800/75200 help zone then it might slip until 22600-22500/74600-74300,” warned Amol Athawale, VP-Technical Analysis, Kotak Securities. In the meantime, Ameya Ranadive, Sr. Technical Analyst at StoxBox, identified that “the realm round 22850-22850 stays a big help zone.”
Because the market grapples with each home and international headwinds, the short-term outlook stays difficult. “Within the absence of key home triggers, international developments are extra probably to offer impetus in organising our market tone. Nonetheless, trying on the ongoing state of affairs, it’s advisable to keep away from aggressive bets and keep mild on positions,” cautioned Osho Krishnan of Angel One.
