Indian equity markets faced their fifth consecutive week of losses due to global trade concerns and disappointing corporate earnings, with the Nifty 50 and Sensex declining. Broader indices, particularly small and mid-caps, experienced significant drops. Technical analysis suggests continued bearish pressure, with key support levels being closely watched as traders navigate the ongoing volatility, while the FMCG sector shows relative strength.
Market rout: 7 of top-10 valued firms see Rs 1.25 lakh crore erosion
The stock continued to remain the most valued listed company in the country despite the decline.