MUMBAI: Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.
The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22, 819.60. Similarly, the Sensex dropped 2.25 per cent, or 1, 690.25 points, to settle at 73, 583.22.
Commenting on Nifty outlook, experts said that technically, any rebound towards 23, 500 could face selling pressure, as this level is likely to act as an immediate resistance.
“On the downside, a break below 22, 800 may lead to further weakness in the market, " an analyst stated.