The benchmark Sensex dropped 241 points to settle at 77,379, while the Nifty fell 95 points to 23,431, giving up the crucial 23,450 mark. Both indices recorded a 2% decline over the week. 36 of the 50 Nifty stocks ended in the red for the week.

The Nifty 50 ended the session with a drop of 0.54%, settling at 23,442 points, while the Sensex wrapped up the session with a drop of 0.40%, at the 77,312 level. It was the mid- and small-cap stocks that continued to be hammered by investors sharply in Friday's session.

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Nifty 50 slipped below the 23,550 mark, marking a decline of 162 points to end at 23,526.5. The Sensex fell 528 points to settle at 77,620, as broader market sentiment remained bearish. Frontline indices lost nearly 1% each,

For benchmark Nifty-50 index, 23650 will be the key level to watch. Below this level, the market could continue its weak formation till 23400-23375. Conversely, if it rises above 23650, it could bounce back to 23750-23800,

With today's fall, Sensex and Nifty have entered in a correction phase. From its 52-week high of 85,978.25 (touched in September 2024), Sensex has crashed 8,599.34 points or 10 per cent. Likewise, the Nifty 50 index has fallen 2,

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,583 level, a discount of nearly 63 points from the Nifty futures’ previous close.