Indian equity markets closed the week in negative territory, halting a four-session winning streak as renewed geopolitical friction in West Asia and surging crude oil prices dampened investor appetite.
The BSE Sensex fell 0.25% to settle at 77,569.39, while the NSE Nifty 50 declined 0.26% to close at 24,206.90.
The pullback reflects a broader shift in risk sentiment, with Indian indices tracking weakness across Asian peers and US stock futures.
The Gift Nifty, a key indicator of overnight sentiment, signaled subdued expectations for Monday’s open as traders digested the implications of escalating US-Iran relations.
The broadening rally that had characterized recent trading sessions faces a fresh headwind, with the threat of sustained regional instability undermining bullish momentum.
Crude oil prices, a critical input cost for India’s energy-import dependent economy, rose sharply on the back of the geopolitical escalation.