Noida, Aug 7 (APAC Media): Indian benchmark equity indices BSE Sensex and NSE Nifty ended lower on Friday, weighed down by heavy selling in financial stocks, with Bajaj Finance emerging as the biggest loser after concerns over proposed regulatory changes impacted investor sentiment.
The BSE Sensex declined 455.59 points, or 0.58%, to close at 78,499.17, while the Nifty 50 fell 65.35 points, or 0.27%, to settle at 24,570.65, slipping below the 24,600 marks.
Market sentiment remained subdued throughout the session as investors turned cautious amid weakness in banking and non-banking financial stocks.
Bajaj Finance tumbled nearly 6%, dragging the financial sector lower and emerging as the top loser on both benchmark indices.
Among other Sensex constituents, TCS and Maruti Suzuki also ended in the red, while Tech Mahindra, Hindustan Unilever and HCL Technologies bucked the broader market trend to close with gains.
Analysts said investor sentiment was also affected by rising crude oil prices and persistent geopolitical tensions in the Middle East, prompting traders to reduce risk exposure.
Market participants remained focused on global economic developments and key U.S. economic data for further cues on interest rate expectations.
Despite Friday’s decline, Indian equities posted modest gains for the week, supported by optimism following the Reserve Bank of India’s policy decision earlier this week and continued resilience in domestic macroeconomic indicators.
Market experts expect volatility to remain elevated in the near term as investors assess corporate earnings, global economic trends and policy developments for directional cues.
–ENDS–
Disclaimer:Â This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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