Sensex drops 95 points, Nifty below 25,500 amid IT selloff

The Indian share market recovered from sharp early losses but ended lower on Friday, extending their losing streak to a third session as investors booked profits following October’s robust rally. Selling by foreign investors and weak global cues weighed on sentiment, though optimism over earnings and India–U.S. trade discussions limited the downside.At close, the Sensex was down 94.73 points or 0.11 percent at 83,216.28, and the Nifty was down 17.40 points or 0.07 percent at 25,492.30.
Shriram Finance, Adani Enterprises, Tata Steel, Bajaj Finance, M&M were the tol gainers on the Nifty, while losers included Bharti Airtel, Tata Consumer, Apollo Hospitals, Tech Mahindra and Interglobe Aviation.On the sectoral front,metal index added 1.4%, while IT, Consumer Durables, FMCG, telecom shed 0.5% each.Broader indices recovered nearly 1.5 percent from day's low with BSE midcap index rising 0.2 percent and smallcap index ending on a flat note.
Market This Week: 
●For the week, BSE Sensex and Nifty shed nearly 1 percent each while Midcap & Nifty Bank remain unchanged,
●Market falls for second straight week, records biggest weekly fall in over 1 month,
●38 Nifty stocks give negative returns, Hindalco, Grasim, Power Grid top losers.
Rupee Close: 
On 7 Nov'25,the Indian rupee declined 2 paise to close at 88.66  against the US dollar on Friday amid a strong American currency against major crosses overseas and rising crude oil prices.A weak trend in domestic equity markets also weighed on the domestic currency, forex traders said.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated, domestic equities rebounded from early losses as buying emerged at key support levels, though it may be premature to call this a trend reversal amid mixed earnings, cautious global cues, and persistent FII outflows.Select segments found support from Q2 results, with broader indices outperforming, led by a sharp rally in financials—especially PSU banks on account of rising investor interest driven by speculation around an FDI cap hike and sector consolidation.Going forward, markets will closely monitor US shutdown and tariff-related developments with US-India and US-China deals to assess the durability of the current momentum.
Market experts recommended five stocks to buy on Friday- Aditya Infotech, Senores Pharma, Atlanta Electricals, Anand Rathi, Sakar Healthcare.

(Business Correspondent)