Mumbai, Feb 28 || Indian stock markets ended the week on a weak note, with benchmark indices falling amid global uncertainty and rising geopolitical tensions.
Investors remained cautious as volatility in global markets and uncertainty around US-Iran talks dampened sentiment, even though India’s latest GDP data showed strong growth.
For the week, both the Sensex and the Nifty fell around 1.5 per cent. Broader markets also remained under pressure, with the Nifty Midcap 100 and Smallcap 100 indices declining more than 1 per cent each.
On Friday (February 27), the Sensex dropped 961.42 points, or 1.17 per cent, to close at 81,287.19. The Nifty also declined 317.90 points, or 1.25 per cent, to settle at 25,178.65, slipping below the 25,200 mark.
Selling pressure was seen across most sectors, except IT and media stocks, which managed to end in the green.
The weakness was largely driven by negative global cues and ongoing geopolitical concerns, which kept investor participation selective.
Sector-wise, auto, banking, FMCG, metal and realty stocks saw losses of 1 to 2 per cent. However, IT, media and consumer durable stocks showed some resilience and closed higher.