FX.co ★ Indian Stocks Fall for 2nd Day, Still Post Weekly Gain

The BSE Sensex in India concluded Friday’s trading session with a 0.7% decline, settling at 79,212.5. This dip extends the previous day's losses, yet the index managed to secure a second consecutive weekly gain of 0.8%. Investor sentiment was restrained due to ongoing uncertainties surrounding India-Pakistan relations, following recent terrorist incidents in Kashmir, despite encouraging signals globally, driven by optimism over the easing of trade tensions between the U.S. and China. In addition to mixed corporate earnings, concerns over the global economic outlook contributed to a cautious approach among investors. In corporate developments, private lender Axis Bank experienced a 3.5% drop after reporting stagnant fourth-quarter earnings, aligned with analysts' projections. Other notable companies, including Adani Ports, Eternal, Bajaj Finserv, Bajaj Finance, and Power Grid, registered significant losses. However, IT giants TCS, Tech Mahindra, and Infosys stood out by defying the trend with notable performance gains.