MUMBAI: Markets drifted lower during the week and lost over a per cent, primarily pressured by the lingering uncertainty surrounding global tariffs and a disappointing start to the earnings season, analysts said on Saturday.
While the tone remained largely stable in the first three sessions, profit booking in the final sessions dragged the indices lower. Eventually, both the Nifty and Sensex settled near their weekly lows at 25, 149.85 and 82, 500.47, respectively.
According to Ajit Mishra–SVP, Research, Religare Broking Ltd., sentiment weakened amid heightened global trade tensions following US President Donald Trump’s renewed tariff threats on Canada and other key partners.