Indian equity indices closed nearly 1% lower on Friday, marking their fifth consecutive week of losses due to concerns over potential US tariffs on Indian exports. The NSE Nifty ended at 24,565.35, while the BSE Sensex closed at 80,599.91. Pharma stocks were among the top losers, with Sun Pharmaceutical Industries tumbling 4.5%. Foreign portfolio investors sold shares worth ₹3,366.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may