Mumbai, Oct 24
Indian stock markets ended lower on Friday, breaking a six-day winning streak, as investor sentiment weakened amid reports that the United States may launch a fresh probe into China’s 2020 trade deal.
At the closing bell, the Sensex fell 344.52 points, or 0.41 per cent, to settle at 84,211.88, while the Nifty declined 96.25 points, or 0.37 per cent, to end at 25,795.15.
"The Nifty remained weak during the session as traders continued to book profits. On the lower end, it slipped below the initial support of 25,850, leading to a decline towards 25,700,” market experts said.
“The next 1–2 sessions might remain volatile; however, a sustained rally looks possible thereafter. On the higher end, resistance is placed at 25,850, above which a rally towards 26,000–26,200 looks possible," it added.
Among major laggards on the Sensex were Hindustan Unilever (HUL), UltraTech Cement, and Titan, which weighed on the indices.