Indian Stock Market Sees Second Consecutive Weekly Decline

Market Overview

Indian stock markets closed lower on Friday, marking a second consecutive weekly decline. Investor sentiment turned cautious following the Reserve Bank of India's monetary policy announcement. Analysts suggest the Nifty may trade within a range in the near term.

Foreign Investment

Foreign investors continued their selling spree, while domestic institutions provided support. The lack of positive triggers led to a decline in market indices. The market is expected to remain volatile in the near term.

Outlook

The Reserve Bank of India's monetary policy announcement was a key factor in the market's decline. The Nifty is expected to trade within a range in the near term. Investors are advised to remain cautious and keep a close eye on market developments.