New Delhi, Feb. 27 -- Weak global cues and persistent risk aversion weighed on domestic stocks, dragging benchmark indices down on Friday and over the week.
The Nifty 50 ended 1.5% lower at 25,178.65, while BSE Sensex closed 1.8% down at 81,287.19 for the week. Both indices tumbled about 1.2% on Friday.
Market sentiment this week was largely shaped by the latest developments in artificial intelligence, which participants viewed as disruptive, according to Narender Singh, smallcase manager and founder at Growth Investing.
Additionally, the sharp sell-off in global technology stocks triggered by weaker-than-expected earnings in Nvidia and Block's announcement of around 4,000 layoffs further tightened risk appetite, he said.
Singh ...
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