Indian equity benchmarks resumed weekly declines, with both indices falling nearly 3% over the week. On Friday, the Nifty 50 slipped 46.10 points, or 0.19%, to close at 23,643.50, while the Sensex fell 160.73 points, or 0.21%, to 75,237.99.
In the currency market, The rupee slipped to a record low against the U.S. dollar in early trade. The local currency weakened past the 96 mark and depreciated as much as 96.03 against the dollar.
Meanwhile, Oil prices moved higher on Friday, with Brent crude trading towards $107 a barrel and heading for a weekly gain of about 5%. U.S. benchmark West Texas Intermediate traded near $102 a barrel, as disruptions linked to the Iran conflict continued to affect global supplies.





Nifty monthly options positioning showed the 23,100 strike carrying the largest Put open interest additions.
The strike added more than six lakh Put contracts, indicating traders were defending lower levels aggressively.
The 23,000 and 23,800 strikes also saw sizeable Put accumulation.
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Infosys contributed 18.53 points to the Nifty’s gains, followed by HDFC Bank at 15.46 points, TCS at 9.61 points, Bharti Airtel at 8.12 points and HCLTech at 5.01 points. Other stocks together added 43.7 points.
Reliance Industries was the biggest drag, pulling the index down by 15.02 points. SBI dragged 12.34 points, Hindalco 7.44 points, BEL 3.4 points and Axis Bank 2.88 points. Other stocks together shaved off 12.44 points.
Jefferies maintained a Buy rating on Voltas and cut its target price to Rs 1,530 from Rs 1,550, citing in-line Q4 sales but a margin miss. It said channel inventory has normalised to 35–40 days, with demand traction seen in April and May.
Goldman Sachs maintained a Sell rating with a target price of Rs 1,200, flagging early and persistent cost pressures and weaker AC profitability. Citi maintained a Buy rating but cut its target price to Rs 1,550 from Rs 1,900, citing commodity and currency headwinds despite strong demand and price hikes.
Source: PTI
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