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Market Wrap: Sensex slips 0.1%, Nifty holds below 25,500 as D-St pares sharp intraday losses but end week lower
The Economic Timesยท 2025-11-07 10:17
Market Performance - The S&P BSE Sensex fell 0.1% to 83,216.28, recovering from a drop of over 600 points earlier in the session, while the NSE Nifty 50 slipped 0.07% to 25,492.30 after rebounding from losses of nearly 0.7% earlier in the day [1][9] - For the week, both the Sensex and Nifty fell 0.9%, with the broader small-cap index sliding 1.7% and mid-caps remaining little changed [5][9] Company-Specific Developments - Tech Mahindra, Reliance Industries, and Bharti Airtel dropped 4.5% after Singapore Telecommunications sold a 0.8% stake in Bharti Airtel for $1.2 billion [2][9] - Public-sector banks outperformed, rising 2.1% for the week, led by State Bank of India after an earnings beat and an upgrade to its full-year loan growth guidance [9] Investor Sentiment and Economic Indicators - Domestic equities rebounded from early losses, supported by optimism over corporate earnings and progress in India-U.S. trade discussions, although it may be premature to call this a trend reversal amid mixed earnings and cautious global cues [6][9] - Markets will closely monitor U.S. shutdown and tariff-related developments with U.S.-India and US-China deals to assess the durability of the current momentum [6][9] Commodity and Currency Trends - Oil prices edged higher but were set for a second straight weekly decline due to concerns over excess supply and weakening U.S. demand, with Brent crude futures gaining 60 cents to $63.98 a barrel [7][9] - The Indian rupee slipped but ended the week slightly higher at 88.66 against the U.S. dollar, with frequent interventions by the Reserve Bank of India helping to steady the currency [8][9]