Noida, May 15 (APAC Media): The Sensex and Nifty 50 ended lower on Friday, weighed down by selling pressure amid weak global cues, concerns over currency depreciation, and sustained foreign fund outflows.
The BSE Sensex fell by more than 150 points, while the Nifty 50 closed below the key 23,650 level, reflecting cautious sentiment among investors.
During the trading session, benchmark indices gave up early gains and turned negative in late afternoon trade. The Sensex fell over 200 points from its intraday high before closing lower, while the Nifty failed to sustain key support levels amid broad-based selling across sectors, with financials, metals, and oil & gas stocks leading the decline.
Market sentiment remained fragile as the Indian rupee weakened further, breaching the 96 per US dollar mark for the first time.
The currency depreciation added pressure on import-dependent sectors and heightened concerns over inflationary trends. Analysts said sustained foreign institutional investor (FII) outflows also contributed to volatility in domestic equity markets.
According to market experts, global factors including elevated crude oil prices, geopolitical tensions, and uncertainty over interest rate trajectories in major economies continued to weigh on investor sentiment. These external headwinds have prompted cautious positioning by traders, limiting upside momentum in domestic equities.
However, amid intraday volatility, select stocks managed to post gains on stock-specific triggers and strong quarterly earnings announcements. These gains, however, were insufficient to offset the broader weakness in the market.
Overall investor wealth declined as market capitalisation eroded significantly during the session, with estimates suggesting losses running into lakhs of crores amid recent volatility.
Broader indices, including mid-cap and small-cap stocks, also closed lower, indicating widespread selling pressure across market segments.
Experts said near-term volatility is likely to persist, with market direction hinging on currency stability, crude oil trends, and foreign fund flows. They advised investors to remain cautious and focus on fundamentally strong companies amid continued global uncertainty.
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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