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Sensex and Nifty decline as investors lock in weekly profits
Sensex and Nifty ended lower last week as investors booked profits, with IT and consumer stocks leading declines and global cues remaining subdued.
Indian equity benchmarks ended last week on a weak note as investors booked profits following earlier gains. The BSE Sensex slipped 0.9%, closing at 83,216, while the NSE Nifty 50 posted a similar decline amid weakness in IT and consumer stocks. Market breadth remained negative, with selling pressure in large-cap counters and muted global cues dampening sentiment.
Analysts said upcoming macroeconomic data and foreign fund inflows will determine the near-term direction as markets consolidate after recent record highs.