Mumbai, Jan 24 || Indian equity benchmarks closed this week down over 2.5 per cent due to profit-booking, sustained foreign institutional investor (FII) outflows and renewed concerns over global trade disruptions stemming from the US tariff rhetoric.
All sectoral indices ended in the red this week, with Realty logging the worst-performance, dipping 11.33 per cent. Consumer durables, telecom, and consumer discretionary sectors went down over 5 per cent.
Nifty dipped 2.51 per cent during the week and 0.95 per cent on the last trading day to 25,048. At close, the Sensex was down 769 points or 0.94 per cent at 81,537. It dipped 2.43 per cent during the week.
Broader indices posted stronger losses during the week, with the Nifty Midcap100 down 4.58 per cent while Nifty Smallcap100 declined 5.81 per cent.
Bank Nifty ended the week with a firmly bearish technical tone after a decisive breakdown below the crucial 58,800 support.
Analysts said that the early-week sentiment found some support from earnings upgrades at select IT and banking stocks, but earnings disappointments that came later, with muted results from sectoral peers, weighed on market sentiments.