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Intraday, Nifty declined towards the 23,000 psychological zone, where buying interest emerged and supported a recovery attempt.
Indian equities extended their losing streak to seven weeks as elevated crude prices, rising US Treasury yields, geopolitical uncertainty and FII outflows pressured sentiment. Next week, investors will track oil, global yields, US economic data, Fed commentary, domestic growth indicators and key Nifty levels.
Brent crude's 11% weekly plunge and a hardening 10-year bond yield weighed on insurance stocks; PB Fintech craters 33% on IRDAI reform fears