Market snaps 2 day gains; Nifty below 26,100 Sensex at 401 pts

The domestic share market indices snapped two-day winning run and ended lower in a volatile session on Friday, with Nifty falling below 26,100 amid selling across the sectors.At close, the Sensex was down 400.76 points or 0.47 percent at 85,231.92, and the Nifty was down 124 points or 0.47 percent at 26,068.15.
JSW Steel, Hindalco, Tata Steel, Bajaj Finance and HCL Technologies were the top gainers on the Nifty, while losers included Maruti Suzuki, M&M, InterGlobe Aviation, Tata Motors PV, Max Healthcare.On the sectoral front,except FMCG, all other sectoral indices ended in the red with capital goods, realty, PSU Bank, metal down 1 percent each.Broader indices underperformed the main indices with BSE Midcap and Smallcap indices falling 1.3 percent each.
Market This Week: 
●For the week, BSE Sensex added 0.8 percent, and Nifty rose 0.6 percent,
●Sensex & Nifty gain for second straight week while Midcap index turns negative,
●Midcaps index record losses for the week following Friday’s sharp fall,
●Nifty, Sensex & Nifty Bank rise 1 percent each while Midcap index is down 1 percent,
●Realty & Metal stocks are the biggest underperformers, down 3-4 percent
●IT stocks are biggest outperformers with sectoral index rising 2 percent
Rupee Close: 
On 21 Nov'25, the Indian rupee saw the steepest single-day fall in over three months and breached 89 per US dollar-mark for the first time, trading 83 paise lower to close at 89.54 against the US dollar on Friday, weighed down by US sanctions on an Indian firm dealing with Iran, a widening trade deficit, and a delay in the US-India trade deal.The plunge in the currency comes a day after Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the central bank does not target any specific value of the rupee, and the recent fall against the US dollar is mainly driven by higher dollar demand.The governor noted that India’s foreign exchange reserves are healthy and provide ample protection. He said the Reserve Bank has “very good” buffers of forex reserves and there is no reason to be concerned about the external sector. He also added that the pressure on the currency would ease once India clinches a trade deal with the US.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,Indian markets turned volatile and settled lower, reflecting the broader decline seen across Asian equities after better-than-expected US non-farm payroll data dampened the expectation of a December rate cut.Profit- booking after a brief two-day uptrend added to the cautious tone, pulling all key indices into the red, with mid- and small-caps facing sharper corrections.Market sentiment was further undermined by a soft manufacturing PMI reading, a weakening INR, and growing worries over potential delays in India–US trade discussions.
Market experts recommended to buy five shares on Friday-Anand Rathi Share and Stock Brokers, Anupam Rasayan India, Azad Engineering, Senores Pharmaceuticals, and PDS.

(Business Correspondent)