Mumbai, Jan 10 || The Indian equity benchmarks closed this week down around 2.5 per cent, continuing decline through five sessions amid persistent uncertainty over the US-India tariff talks and escalating geopolitical tensions.
Profit-booking in autos, metals, and oil and gas weighed on indices during the week, while selective buying in consumer durables, on hopes of a demand revival, offered brief respite.
Nifty dipped 2.45 per cent this week and 0.75 per cent on the last trading day to end at 25,638. At close, Sensex was down 604 points or 0.72 per cent at 83,576. It dipped 2.55 per cent during the week.
Bank Nifty on the weekly chart has formed a dark cloud cover candlestick pattern indicating selling pressure at higher levels, according to analysts.
Domestic markets remained in a risk-off mode, especially concerns over potential US trade measures linked to Russia-related sanctions, analysts said. Market sentiment weakened amid global headwinds, including the Venezuela–US standoff, concerns over Russian oil imports, China’s restrictions on rare earth exports, and continued FII outflows.