India Stock Market This Week: Nifty’s Second Weekly Gain Came With One Big Warning
Indian stocks wrapped up the week in positive territory, but Friday’s sharp drop underscored just how fragile the rally is when oil prices start moving the wrong way for India. The Nifty 50 slipped 0.62% to close at 24,176.15, and the BSE Sensex retreated 0.66% to 77,328.19. Right now, it’s less about where the market closes. The question is if India can keep those gains, with oil prices staying high, the rupee still feeling the heat, and foreign investors trimming positions in several big-name stocks.