FX.co ★ Sensex Ends Slightly Down, Still Posts Weekly Gain

On Friday, India's BSE Sensex concluded trading slightly lower, dipping by approximately 0.2% to settle at 82,330.6. This follows a notable surge in the previous session, as investors took the opportunity to secure profits in pivotal sectors like Information Technology, metals, and banking. Notably, Bharti Airtel witnessed a significant drop of nearly 3% amid revelations that major shareholder Singtel intends to divest a $1 billion stake via block deals. Other prominent stocks like Infosys, HCL Technologies, and SBI experienced declines between 1% and 2%. Over the week, the index registered a 3.6% increase, rebounding from a decline the week before. This upturn was buoyed by reduced geopolitical tensions between India and Pakistan, positive sentiment surrounding India–US trade relations, and the anticipation of potential domestic interest rate cuts.