India Stocks Slip but Poised for 2nd Weekly Gain

2025-11-21 05:42 By Chusnul Chotimah 1 min. read

The BSE Sensex dropped 399 points, or 0.5%, to 85,233 in morning trade on Friday, halting gains from the previous two sessions, tracking a downbeat session on Wall Street overnight, as US jobs data failed to provide clarity on the likelihood of interest rate cuts next month.

Traders also booked profits after the broader index approached its record high a day earlier.

Fresh economic data added pressure to sentiment, after PMI figures showed that the country’s private sector grew at the slowest pace in six months.

However, hopes of impending US–India trade deals continued to lend some support.

Almost all sectors traded in the red, led by metals, which fell 1.6%, with Tata Steel and JSW Steel slipping 1.4% each.

Meanwhile, financial services and banking dropped 0.9% and 0.8%, respectively.

Other early decliners included ICICI Bank (-1.2%) and Bajaj Finserv (-1.1%).

For the week, however, the index is on track for a 0.8% rise, marking the second straight weekly gain.



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