Sensex and Nifty slipped ahead of the Union Budget as IT and metal stocks lagged. With global uncertainties and rupee pressure mounting, will the markets bounce back or is volatility set to continue?
Markets end the week on a sharp downtrend: Sensex drops 770 pts, Nifty slips below 25,050, and over 40 stocks close in red. Which sectors triggered the selling, and what does this mean for investors next week?
Indian stock markets opened lower on Friday with the Sensex and Nifty slipping amid weak global cues and profit booking. The rupee also weakened against the US dollar. Market sentiment remained cautious as most sectoral indices traded in the red.
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